The Tax Policy Center has recently released some statistics that are quite alarming to many in the public. As usual, the facts are stated in a way to get the Tax Policy Center some publicity, thought the statistics are mostly accurate.
Four hundred thousand US households (single and married filers) made over 1 million dollars in the 2010 tax year. About 4,000 of those millionaires paid zero taxes. Sounds astounding right? You and I would love that arrangement right? Actually, you probably wouldn’t.