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Government PoliciesNewsVideo

How Many Americans Actually Pay Federal Income Taxes?

Will Donald Trump win the 2024 election?

Almost half of Americans are not paying a cent in federal income taxes, and over 1/3 of Americans are paying nothing but claiming benefits anyway.

According to the Daily Signal:

According to data published by the IRS and the U.S. Census Bureau, 44.2 percent of U.S. residents paid no federal income tax in 2013 (the most recent year for which data is available).

No doubt many of the non-payers would willingly pay income tax in exchange for the chance to work in a more dynamic economy that generated more and better jobs. But our labor market has been hobbled by government regulations, cronyism, government power grabs, a tax code nobody understands, and federal waste.

… An astounding 33.67 percent of tax returns are filed only to claim benefits while not paying any income tax. That is up from 18.64 percent in 1990.

DS-IRS-non-federal-income-tax-chart-1_700

 

Over-regulation and over-taxation have bled businesses dry, destroying jobs and leaving Americans struggling to make ends meet. Rather than fixing the root of the problem, government grows bigger and more complicated every year with promises of giving its citizens something for nothing.

Wake up America! Until we shrink the size of government and lessen the burdens of taxes and regulation on small businesses, we can only expect these trends to continue.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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