
09-30-2009, 01:06 PM
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$ Saving College Senior
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Location: Midwest
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Article: 47% Owe No Taxes
47% of Households Owe No Taxes
Most people think they pay too much to Uncle Sam, but for some people it simply is not true.
In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.
Some in that group will even get additional money from the government because they qualify for refundable tax breaks.
The ranks of those whose major federal tax burdens net out at zero -- or less -- is on the rise.
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