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Re: 47% Will Pay No Federal Income Tax
Quote:
Originally Posted by firstdown
Nearly 22% of those making between $50,000 and $75,000 end up with no federal income tax liability or negative liability as do 9% of households with incomes between $75,000 and $100,000.
Now could someone explain to me how they can have this income and pay nothing and maybe receive a tax credit?
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That's real easy...it's all about children, the more you have the more breaks you get. Having 4 kids, some of which are going to college, a mortgage interest payment of 25K, and 401K investment account will do the trick.
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Last edited by saden1; 04-08-2010 at 03:57 PM.
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