Nearly half of US households escape fed income tax

Stephen Ohlemacher, Associated Press Writer, On Wednesday April 7, 2010, 5:38 pm 

Recession, new tax credits have nearly half of US households paying no federal income tax

 

WASHINGTON (AP) -- Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.