Tax Day or Payday? How the Tax Code Is Expanding Government and Dependency
Nearly half of Americans who file federal income tax returns do not pay any federal income taxes because they receive certain tax credits. Many of these nonpayers actually receive a cash payment from the IRS because of refundable tax credits. Refundable credits are increasing the level of dependency, and nonpayers will soon reach the tipping point where a majority of tax filers pay no taxes and can vote increasing government benefits at no cost to themselves. That is a deadly recipe for never-ending increases in government spending, inevitably leading to a fiscal implosion when there are no lo...
Source: heritage.org