Thursday, August 26, 2021

61% Of Americans Paid No Federal Income Tax In 2020 (Up From 44% In 2019)

TaxProf Blog
Bloomberg, U.S. Households Paying No Income Tax Hit 61% of Total Last Year:
...The number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the study, released Wednesday, showed. 
The 60.6% proportion for last year compares with 43.3% over the five years before the pandemic struck....Read all.

No comments: