Tag Archives: income tax

Dependency and Romney’s 47 Percenters

Posted on September 18, 2012

Mitt Romney was wrong when he said the 47 percent of Americans who pay no federal income taxes are “dependent on the government.” Most of them are working people who simply do not earn very much money. Romney also assumed that all of those in the 47 percent who pay …
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Breakdown of Government Revenue

Posted on June 29, 2008

Q: What’s the percentage breakdown of the government’s tax revenue stream? A: Nearly half of federal revenue came from income taxes on individuals last year, and another one-third came from social insurance taxes, mainly for Social Security.

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