Tax Day, April 15, is looming for the nearly 142 million Americans
who will file a tax return for income earned in 2009. While most
taxpayers worry about paying the correct amount and even pay for
professional assistance to make sure they do, many millions of tax
filers will be "nonpayers," according to a new Tax Foundation study. A nonpaying tax return is one filed by an individual or couple who,
thanks to legal credits and deductions, owes nothing. During 2008, more than a third of all tax returns resulted in
complete nonpayment; that is, people got back every dollar that was
withheld from their paychecks during the year. Many got quite a bit
more, turning Tax Day into a payday.The income level at which a typical family of four will owe
no income taxes has risen rapidly, now topping $51,000.
