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> The pandemic and federal stimulus led to a huge spike in the number of Americans who either owed no federal income tax or received tax credits from the govern
by HumblyTossed 5y ago
> The pandemic and federal stimulus led to a huge spike in the number of Americans who either owed no federal income tax or received tax credits from the government. According to the Urban-Brookings Tax Policy Center, 107 million households owed no income taxes in 2020, up from 76 million — or 44% of all taxpayers — in 2019.
- c22 5y agoIt is disturbing that there are enough people making just above what the IRS considers the poverty line that a couple thousand dollars of tax stimulus should have such a profound effect.
- jeffbee 5y agoA federal check for a couple thousand bucks has been life-altering for millions. American poverty is real.