“The main bloc of people who don’t pay income or payroll taxes are elderly people. Old people tend not to work, and many old people don’t have much in the way of investment income either. But it’s not like they’re freeloading, they’re just people who paid taxes in the past when they were working.” (via Taxes: Who Pays?)
The data’s from 2008, for whatever reason… but I haven’t heard this seemingly obvious point made before.
Yep. Yglesias has been harping on this point for a while, with good reason.