- Moderator
- #1
A flat tax across the board would fix this problem.
More than 35,000 people who had income of more than $200,000 in 2009 paid no federal income taxes that year, according to a new report from the Internal Revenue Service.
The non-taxpayers were among the top 3 percent of all earners with more than $200,000 in "expanded income," which includes adjusted gross income plus other less common sources of income such as tax-exempt interest or foreign income.
The number of wealthy people who paid no federal income taxes rose between 2007 and 2009, thanks in part to new tax credits, according to the report.
Employment News, Consumer Tips and Job Advice - Life Inc. | TODAY.com Blogs - Thousands of wealthy earners manage to zero out tax bills