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Taxation & Estate Planning

: TaxProf Blog

1/3 of Tax Returns Filed Pay Zero Tax (and 1/2 of Those Get "Refunds")

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The Tax Foundation reported yesterday that 46.6 million people who filed tax returns in 2007 had a zero or negative tax liability -- 32.6% of the 143.0 million tax returns filed. In about half of these cases, substantial additional money was "refunded" to the tax filer. 15 million people do...

Full post as published by TaxProf Blog on December 05, 2009 (boomark / email).

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