Wednesday, September 30, 2009

53% Of Us Are Paying for the Rest of You

You’re welcome

In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.

Some in that group will even get additional money from the government because they qualify for refundable tax breaks.

The ranks of those whose major federal tax burdens net out at zero—or less—is on the rise. The center’s original 2009 estimate was 38%. That was before enactment in February of the $787 billion economic recovery package, which included a host of new or expanded tax breaks.

(9) Comments
Posted by Owen at 2051 hrs
Politics + Politics - General