Friday, April 16, 2010

Who Pays Taxes? Not As Many As You Think

The stimulus helped push the number of Americans paying federal income taxes down the past two years...
 
The evils of "socialism at work": lower Federal income tax burdern for working families with kids, low income, and elderly americans.
 
NPR

It turns out that nearly half of all Americans don't have to pay any federal income tax. In 2009, 47 percent of all filers paid nothing. It's a number that's gone up significantly in just a couple of years. Robert Siegel talks to Roberton Williams, who's been crunching the numbers at the Tax Policy Institute in Washington. According to Williams, millions escape filing because their incomes are too low or they're eligible for deductions, credits and exemptions.

Posted via email from Jim Nichols

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