47 percent

The 9 Most Important Financial Stories of 2012

Sometimes the most important news stories get overshadowed by short-term crises and teakettle tempests. With that in mind, we at DailyFinance decided to take a look back at the nine stories of 2012 that are likely to have the biggest impact on your wallet in the year ahead.

Safety Net Success Stories: Four Former 47%-ers Speak Out

On the heels of a leaked videotape in which GOP presidential candidate Mitt Romney spoke harshly of those who pay no federal income tax, some now-successful Americans have been stepping up publicly to answer this question in the affirmative.

Pop Quiz: Who Are the 47%, and What Do They Really Pay in Taxes?

Mitt Romney's criticism of the 47% of Americans who don't pay federal income tax has re-energized the debate over who pays into our system, and who reaps its rewards. But the answers to those questions are trickier than you might guess. Think you know how the tax system really works? Take a peek at our quiz.

The Surprising Facts About Mitt's 47% Who Pay No Income Tax

Mitt Romney has been taking some flak for saying the he's not going to try to win votes among the 47% of the populace that pays no federal income tax -- nor try to convince them to "take personal responsibility and care for their lives." But he should look more closely at who's in that group.

How State Taxes Put a Bigger Pinch on the Poor

True, 47% of Americans pay no federal income tax. But, as a recent study points out, when all the other taxes we pay are factored in, the poor often pay a far greater percentage of their income in taxes than the rich.

What 'Percent' Are You? How the Numbers Really Add Up

Blue State vs. Red State is so last decade: Now, the dividing lines in America are percentages: 99%, 1%, 53%, 47% ... the list goes on. And figuring out who to sympathize with -- or even who you are -- can leave a person 100% confused. We break down the numbers.