Saturday, July 9, 2011

If You Pay Federal Taxes Call Yourself "Stupid".

“But right now, the fact (is) that according to the Committee on Joint Taxation, 51 percent — that is, a majority of American households — paid no income tax in 2009. Zero. Zip. Nada. . . . Actually, to show how out of whack things have gotten, 30 percent of American households actually made money from the tax system by way of refundable tax credits — the Earned Income Tax Credit, among others. So 51 percent of American households paid no income tax in 2009, but 30 percent actually made money under the current system.”

Weasel Zippers

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