Wednesday, April 7, 2010
The Tax Code Works - for some more than others.
Here's some "good" news (emphasis added) from DARTBLOG.COM:
According to a report in the the Associated Press, some facts about the number of Americans paying the federal income tax:
About 47 percent will pay no federal income taxes at all for 2009.
The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education.
The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
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