Who pays taxes?

Posted on Aug 16, 2011

A recent Congressional study revealed that 51% of U.S. households paid no federal income tax for 2009. About 30% of households received a “refund” check, due to refundable tax credits, such as the earned income credit, home buyer’s credit, and the “making work pay” credit.

 

An important point: Most of those who paid no federal income tax did pay social security and Medicare payroll taxes.

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