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47% Will Pay No Federal Income Tax

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04-08-2010, 01:18 PM #11

firstdown

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Join Date: Oct 2004

Location: chesapeake, va

Age: 62

Posts: 15,817

Re: 47% Will Pay No Federal Income Tax

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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04-08-2010, 01:18 PM	#11
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 62 Posts: 15,817	Re: 47% Will Pay No Federal Income Tax 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?