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Yes, 47% of Households Owe No Taxes. Look Closer.

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WHAT HAPPENS WHEN YOU WRITE HEADLINES FOR DRUDGE
David Leonhardt digs a little deeper than the headline from AP last week that said nearly half of Americans do not pay federal income taxes. "But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too. Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47."
SOURCE:   New York Times

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