Tuesday, September 18, 2012

Who's Not Paying?

The 47 percent: Here's who pays no federal income tax - Economy Watch

...Not everyone who pays no federal income tax is in the lower income brackets. A separate report released last spring by the Internal Revenue Service found more than 35,000 people who made more than $200,000 in 2009 also managed to zero out their tax bills. That report noted that it generally takes a number of different credits and deductions for wealthy people to not pay any federal income taxes.

No comments: