So those nonpayers you heard about throughout tax season? Proportionately, lots of them are in the south (don’t ask us why they used red/blue):
Purely by the numbers, California has the most with over six million taxpayers whose credits and deductions reduce their tax liability to zero. However, of the ten states that have the highest proportion of nonpayers, nine of them are in the south, including Texas and Florida, who have 4.2 and 3.4 million tax filers that had no tax liability respectively.
The total number of nonpayers in the south is approximately 13 million or 25% of the total 51 million, according tot he IRS’ data. So whatever the expression is that includes the combination of God loving the South and hating taxes, suddenly has more credence to it.
States Vary Widely in Number of Tax Filers with No Income Tax Liability [Tax Foundation]
“The Buffett thing is just theatrics. If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary’s,” he said. “I think it’s not fair to say that wealthy people don’t pay their fair share. They pay a much higher percentage of their income, they have a higher rate than people who make less,” Bloomberg added. [