Nearly half of Americans owe no federal income tax at all

Today, most Americans aren’t clamoring for lower taxes, probably because most of us don’t pay very much in federal income taxes. Our tax burden has rarely been lower. The latest data show that the 60% of families in the middle of the income distribution — those between about $32,000 and about $140,000 — pay an average of just 2.5% of their income in federal income taxes.

Nearly half of Americans owe no federal income tax at all, but they do pay taxes: payroll taxes to fund Social Security and Medicare, tariffs, excise taxes, corporate taxes, property taxes, sales taxes, state and local income taxes, and so on. If they have a problem with taxes, it’s not with the federal income tax.

Source: This tax cut isn’t for the middle class, which only pays 2.5% now – MarketWatch

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