Who Doesn't Pay Taxes?

A blog about business and economics.
Sept. 17 2012 6:52 PM

Who Doesn't Pay Taxes?

1347922367747

Mitt Romney's gotten the "fact" that 47 percent of people don't pay taxes back in the news, so lets look at this Tax Policy Center breakdown for more information on the subject.

As we can see, it is true that 47 percent of the population pays no net federal income tax. Many of those people do pay federal payroll taxes on their income, however. Of those who pay neither income nor payroll taxes, most are elderly. That's because elderly people generally don't have jobs. Make of this what you will, but in terms of partisan politics it seems very likely that a large share of these elderly freeloaders are actually Romney voters. Presumably in their own heads they don't think of themselves as freeloaders because they paid taxes in the past. But that's generally going to be the case. At one point in college I wasn't paying any taxes, but then I graduated and my earnings went up so now I pay plenty of taxes. It's the circle of life.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Medical Examiner

Here’s Where We Stand With Ebola

Even experienced international disaster responders are shocked at how bad it’s gotten.

It’s Legal for Obama to Bomb Syria Because He Says It Is

Divestment Is Fine but Mostly Symbolic. There’s a Better Way for Universities to Fight Climate Change.

I Stand With Emma Watson on Women’s Rights

Even though I know I’m going to get flak for it.

It Is Very Stupid to Compare Hope Solo to Ray Rice

Building a Better Workplace

In Defense of HR

Startups and small businesses shouldn’t skip over a human resources department.

Why Are Lighter-Skinned Latinos and Asians More Likely to Vote Republican?

How Ted Cruz and Scott Brown Misunderstand What It Means to Be an American Citizen

  News & Politics
Politics
Sept. 23 2014 12:43 PM Occupy Wall Street How can Hillary Clinton be both a limousine liberal and a Saul Alinsky radical?
  Business
Moneybox
Sept. 23 2014 1:04 PM Which States Should Secede From the Union?
  Life
The Eye
Sept. 23 2014 11:33 AM High-Concept Stuff Designed to Remind People That They Don’t Need Stuff  
  Double X
The XX Factor
Sept. 23 2014 11:13 AM Why Is This Mother in Prison for Helping Her Daughter Get an Abortion?
  Slate Plus
Slate Plus
Sept. 22 2014 1:52 PM Tell Us What You Think About Slate Plus Help us improve our new membership program.
  Arts
Brow Beat
Sept. 23 2014 11:48 AM Punky Brewster, the Feminist Punk Icon Who Wasn’t
  Technology
Future Tense
Sept. 23 2014 10:51 AM Is Apple Picking a Fight With the U.S. Government? Not exactly.
  Health & Science
Bad Astronomy
Sept. 23 2014 11:00 AM Google Exec: Climate Change Deniers Are “Just Literally Lying”
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.