Narrowing Tax Base

Interesting. Basically 1/5 of tax filers didn't pay any income tax under Reagan, 1/4 didn't under Clinton, 1/3 didn't under Bush and based on current proposals, just under 1/2 won't under the next president. Makes me wonder if Joe the Plumber will be paying any income taxes at all.

More information here.

via Economix via Greg Mankiw