One statistic getting a lot of attention as the tax-return deadline approaches is that 47% of U.S. families do not owe income taxes for 2009. While that is literally true, the number is only part of the story, according to The New York Times. At most, 10% of households do not pay net federal taxes, according to the Congressional Budget Office. About three-quarters of households pay more in payroll taxes than income taxes.

Related Summaries