April 8, 2010

Nice work if you can get it

From Yahoo/Associated Press:
Nearly half of US households escape fed income tax
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.
Nice way to jury-rig the economy. Make 50% of the voters not have to pay taxes and guess how they are going to vote next election -- for the benefit of their wallet or for the benefit of this Nation... Posted by DaveH at April 8, 2010 8:00 PM