Thursday, April 15, 2010
Who Pays Taxes?
Today is tax day, so it begs the questions, what does the average American owe the Federal Government? Based on Census figures, the median household income is $52,029. If the parents are married, both work, and they send two children to preschool or day-care, they would owe a grand total of...drumroll...nothing at all! That's right! With child and child-care tax credits, the total tax owed is exactly zero dollars and zero cents!