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Guest
In recent months, estimates that as many as half of all U.S. tax filers might owe no federal income tax at all this year have caused critics to argue the issue of fairness.
Nontaxable returns from people with income between $75,000 and $100,000 went from 4,025 in 1996 to 476,624 in 2009 — an increase of almost 12,000%.
More than 1,400 millionaires didn't pay income taxes in 2009, either.
Obama wants to extend some of his and Bush's tax cuts for middle- and lower-income earners, but there's very little political chance of Republicans in control of the House allowing higher taxes for higher earners — even those making $1 million or more annually — to be enacted.
http://www.usatoday.com/money/economy/story/2011-10-06/income-tax-nonpayment/50676912/1
Nontaxable returns from people with income between $75,000 and $100,000 went from 4,025 in 1996 to 476,624 in 2009 — an increase of almost 12,000%.
More than 1,400 millionaires didn't pay income taxes in 2009, either.
Obama wants to extend some of his and Bush's tax cuts for middle- and lower-income earners, but there's very little political chance of Republicans in control of the House allowing higher taxes for higher earners — even those making $1 million or more annually — to be enacted.
http://www.usatoday.com/money/economy/story/2011-10-06/income-tax-nonpayment/50676912/1