The Heritage Foundation just published this chart showing the increasing number of American’s who don’t pay any income tax. It’s up to 49.5%. Think about that. Granted, they’re still paying sales taxes and maybe, if they’re employed, payroll taxes, so it’s not all a free ride. But how easy it is for people to vote for higher taxes on other people! And now with nearly 50% of Americans not paying income taxes, in which direction to you think income tax rates are going to be pushed?
Ugh. This is not a good trend.