Informative article from NPR’s “All Things Considered”:
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It’s that time of year again — tax week. With the deadline for Americans to file their income taxes looming, there’s a good chance you’ve heard or will hear from politicians, on cable news and on talk radio about those who pay little or no taxes.
House Majority Leader Eric Cantor has said that we “have a situation in this country where you’re nearing 50 percent of people who don’t even pay income taxes.” There are even those who say that there are nearly 50 percent of Americans who pay no taxes at all.
While it is true that about half of American households pay no federal income tax, the odds that half of Americans are paying no taxes at all are relatively low. Sales taxes, payroll taxes and state taxes make it difficult to avoid paying all taxes completely.
But is it possible?