Who Doesn’t Pay Taxes and Why

August 2, 2010  |  

(Smart Money) — For the 2009 tax year, an estimated 47% of U.S. households did not pay any federal income tax. The percentage was a bit higher than normal due to the lousy economy and some allegedly temporary tax breaks that may not be renewed. The long-term percentage of non-taxpaying households is apparently around 40%. This is according to the Tax Policy Center, a Washington research outfit.

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