47% will pay zero federal income tax in 2009

Richard Rider, Chairman, San Diego Tax Fighters Richard Rider, Chairman, San Diego Tax Fighters Leave a Comment

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47% will pay no federal income tax

Paying federal income tax – ANY income tax, should become a status symbol in the U.S.  Our “progressive” tax system annually exempts more and more folks from this tax roll.  We are up to a 2009 figure of 47% paying no income tax, dramatically above this same year’s estimated figure of 38%.

And no, I’m not talking about a NET income tax payer after withholding.  I’m talking about owing zero income tax – or even less with the EITC refund.

Now, don’t you feel good about your newly discovered status symbol – being a taxpayer?

Here’s the media story.

http://money.cnn.com/2009/09/30/pf/taxes/who_pays_taxes/index.htm?section=money_topstories

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