Who's not paying federal income tax?

by admin 7. October 2011 05:13

Do you know nearly half of tax filers do not pay federal tax? According to the nonpartisan Tax Policy Center in Washington, D.C., 46% of tax filers will owe no federal income tax this year.

Most of them are the lowest-income Americans. However those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes. Tax Cuts and tax breaks are the main reasons for the change.

2011 Federal Income Tax Tables
http://www.halfpricesoft.com/federal_income_tax_2011.asp

Read more at: http://www.usatoday.com/money/economy/story/2011-10-06/income-tax-nonpayment/50676912/1

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