Big Paychecks, Tiny Tax Burdens: How 21,000 Wealthy Americans Avoided Paying Income Tax - ABC News
- A recent IRS report showed that 20,752 households that reported earning more than $200,000 in 2009 paid no federal income taxes. About 1,500 of those tax-free Americans were millionaires.So how does someone in the top 3 percent of Americaâ€™s income earners finagle their income tax burden down to zero? For the majority of them, itâ€™s all about donating to charity, investing in local and state governments, earning money overseas and writing off doctor bills.
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