51% of Households Pay No Income Tax; Share of Taxes Paid by Rich Growing Faster Than Income

As President Barack Obama pushes to raise income taxes on high earners, opponents are seizing on data that indicates these U.S. households already pay a large and growing share of taxes, even compared with high-tax European countries. And a new congressional study concludes that the percentage of U.S. households owing no federal income tax climbed to 51% for 2009. …


Read more at TaxProf Blog via The Wall Street Journal

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