45% don't owe U.S. income tax
Quote:
By Jeanne Sahadi, CNNMoney.com senior writerApril 18, 2011: 7:54 AM ET
The Liberals have Won, or have they?
NEW YORK (CNNMoney.com) -- The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done.
But like most statistics, it is often misunderstood -- and, in the case of those trying to stir political outrage, misrepresented.
That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.
http://money.cnn.com/2011/04/14/pf/t...dex.htm?hpt=T1
