9/21/11

And 1,470 paid no federal income tax at all

Obama’s Tax on Millionaires - NYTimes.com:

"Recent Treasury Department data gives a more detailed look at the group of taxpayers the administration is aiming at. In 2009, 238,000 households filed returns with adjusted gross incomes of at least $1 million. One-quarter of them paid an effective federal income tax rate of less than 15 percent, the data shows, and 1,470 paid no federal income tax at all."

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