“It’s also important to note that income tax is just one of several federal taxes.
The payroll tax, which funds Medicare and Social Security, is another big source of revenue for the government. And most households that don’t pay income tax do pay payroll tax.”
The 47 Percent, In One Graphic
Mitt Romney’s comments regarding the 47 percent of Americans who pay no income tax is getting lots of attention today. Our colleague Mark Memmott explains the context.
Here’s a closer look at the numbers.