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 America‚Äôs income earners finagle their income tax burden down to zero? For the majority of them, it‚Äôs all about donating to charity, investing in local and state governments, earning money overseas and writing off doctor bills.
From X Isle