04 September, 2013

The famous “47 percent” are now down to 43 percent

The famous “47 percent” are now down to 43 percent: The Tax Policy Center chalks the change over the past few years up to the improving economy, (slowly) rising incomes, and the expiration of various stimulus-era tax cuts. Those all add up to more people getting hit with income taxes. If current trends hold, the number of households that don’t pay income tax is expected to fall to 34 percent by 2024.