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