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35,000 Of America's Wealthiest Households Paid not Income Tax
09-18-2012, 06:52 AM
Post: #1
35,000 Of America's Wealthiest Households Paid not Income Tax
Quote:More than 35,000 of American households who make over $200,000 annually, paid no income tax to the federal government in 2009, according to a new study by the IRS.
For 2009, of the 3,975,288 tax returns with expanded
income of $200,000 or more, 35,061 (0.882
percent) had no U.S. income tax liability; and 19,551
(0.492 percent) had no worldwide income tax liability.
According to the IRS study, the most common way for these wealthy individuals to avoid paying taxes was by a combination of legal deductions. The most common individual deductions that occurred for these taxpayers were deductions for charitable donations and medical expenses.


Read more: http://www.businessinsider.com/some-of-t...z26pEj3ZLp

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09-18-2012, 10:28 AM
Post: #2
RE: 35,000 Of America's Wealthiest Households Paid not Income Tax
Unreal.

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