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Sep 19, 2008

Zero or Less Tax

09/19/08 - Tax Foundation by Scott A. Hodge   --> Source

[edited] IRS statistics for 2006 say 45.6 million tax filers (33% of 138 million filers total) have no tax liability after taking their credits and deductions. This is a 57 percent increase since 2000 in the number of Americans who pay no personal income taxes.

The Tax Foundation estimates that the number of nonpayers would rise by 16 million to total 63 million (46% of 138 million filers), if all of the Obama tax provisions are enacted in 2009. McCain's proposals would increase nonpayers by about 15 million, to total 62 million.

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