Wednesday, April 7, 2010

Nearly half of U.S. households escape federal income tax

WASHINGTON (AP) - Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

(Full story)

No comments:

Post a Comment