Thursday, April 8, 2010

Nearly half of US households escape fed income tax

From the AP via Yahoo Finanace:
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.
Are you one of those who paid no income taxes last year?  Nah, I didn't think so!  Read it all and then  you'll have a better understanding of what's happening in this country with the progressive agenda! -SP

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