71 million households or 47% will pay no tax

Filed under: Management, Personal finance, Politics, Recession

What is your reaction to these numbers? In 2009, roughly 47% of households or 71 million will owe not federal tax, according the Tax Policy Center.

Previous estimates were for 36% to pay no tax, but with the stimulus incentives passed by Congress, the numbers are getting larger.

The vast majority of households making less that $30,000 fall into this category, as do nearly 50% of households making between $30,000 and $40,000 per year.

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71 million households or 47% will pay no tax originally appeared on BloggingStocks on Mon, 05 Oct 2009 18:00:00 EST. Please see our terms for use of feeds.

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