|Untagged||26 Apr 2012|
|More and More Taxpayers off the Hook by allegheny|
As income tax day, this year April 17th, came and went many people lamented having to file. But as the Tax Foundation points out, filing does not necessarily imply owing money to the Federal government.
In 2011 they released information detailing the percentage of filers who have either zero or negative tax liability. The table, dating from 1950 to 2009, shows that since 1984 when the rate was about 18 percent it has been rising steadily. It surpassed 25 percent in 1998, then 30 percent for the first time in 2002 before finally reaching 41.7 percent in 2009. While we haven't quite reached the point where half of Federal income tax filers are submitting returns with either a zero or negative liability, if this trend continues, that mark may not be far off.
But liberals are quick to dismiss this statistic, even though it can be substantiated, because it doesn't advance their agenda of squeezing more from the rich and redistributing wealth. They like to fan the flames of class warfare and are quick to offer their own statistics, often unsubstantiated and taken on blind faith, to promote their ideology. And of course since they can't argue with the message, they shoot the messenger and anyone affiliated with them.