Rich Households Paid No Income Tax, Confidence Plunges, Paying For Pat-Downs And More

Tuesday, May 29, 2012 More Than 10,000 Rich Households Didn't Pay Income Tax In 2009 Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxes, according to a new study from the Internal Revenue Service. How'd they do it? According to the study, nearly one-third of the high-income returns used miscellaneous deductions such as non-reimbursed employee expenses. Other big reasons for deductions included charitable contributions, medical expenses, and losses related to an incorporated small business. Consumer Confidence Plunges Flyers May Soon Pay More For Pat-Downs! 10 Things You Didn't Know About Saving For College Why A Tattoo Could Hinder Your Job Prospects The 10 Least Affordable Places To Buy A Home BLOG POSTS Paul Szep: The Daily Szep - CEO Salaries Daniel Dworkin: Work, Identity and the Elasticity of Dreams To what extent should "what we do" define "who we are"? Like most philosophical questions, there is no simple answer. Warren Flick: An Added Burden For Boomers: Your Children's Retirement The United States now has a large cadre of long-term unemployed, and many of them are in their twenties and early thirties. If resources are limited, it may well be wiser to help prepare children for retirement than to help with their current bills. Sandy Abrams: Mompreneurs: Mixing Business & Pleasure With Trunk Shows Many women are happy with three simple pleasures: our friends, a cocktail and some shopping. It's even better when it all supports a small business or local entrepreneur. Mark Weisbrot: New ILO Leadership Could Push For Better Economic Policies Since Europe has by far the largest banking system in the world, the eurozone crisis is also a significant drag on growth and employment throughout most of the world, and could easily do more damage if it is not resolved.

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