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Political Factoid
45% of U.S. households did not owe
U.S. income tax for 2010.
- 2/3 of those not owing taxes
had income of less than $50k.
Due to:
more people unemployed,
reduced salaries,
lower wages,
. . .
extended Bush tax cuts
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- 1/8 of those not owing taxes
had income between $50k and $100k.
- ...
- 1% of those not owing taxes
had income of over $1,000,000.
cf.
1530
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-30-
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