From the Richmond Times Dispatch:
Eric Cantor says that about half don’t pay income tax. Make that half of the tax ‘units.’
“We also have a situation in this country where you’re nearing 50 percent of people who don’t even pay income taxes,” he said.
Is it true that half of all Americans pay no income tax? Let’s take a look.
First, a technical note. When Cantor says people, he means “tax-filing units,” which refers to individuals or couples that either file a tax return or would have if they had earned enough income, according to his staff.
To support his assertion, Cantor’s camp provided a variety of studies and media reports that do indicate about 50 percent of U.S. households owed no federal income tax in 2009 — the most recent year tax data are available.
In 2009, for example, the Tax Policy Center projected 47 percent of people would pay no income tax that year, up from previous estimates of 38 percent — largely due to additional tax credits through the American Recovery and Reinvestment Tax Act of 2009.
Still, that’s a bit dated. Anything newer?