WASHINGTON — About 47 percent of US households will pay no federal income taxes for 2009. Either their incomes were too low, or they qualified for enough credits, deductions, and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center.
In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by Deloitte Tax.
Tax cuts enacted in the past decade have been generous to wealthy taxpayers, too, making them a target for President Obama and Democrats in Congress.
Associated Press April 8, 2010
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