08.04.2011 Policy Points

Getting Beyond Tax Hype

TaxVox explains that the reason why many American households have no federal income tax liability is because they have such low incomes.

Of the households that pay no federal income taxes due to tax deductions and credits (graph, below), ‘three-fourths of those households pay no income tax because of provisions that benefit senior citizens and low-income working families with children.”

Print Friendly, PDF & Email

Comments are closed.