38% of North Carolinians Pay Zero Federal Income Tax
Posted by Chad BordeauxThursday, May 27th, 2010
The Tax Foundation released a state by state breakdown of the percents of tax filers that owe no Federal Income Tax. You can read their report here. In North Carolina, 38% of all income tax filers owed no Federal Income Tax. In South Carolina, 40% of all income tax filers owed no Federal Income Tax.
You may recall that the estimate from the Tax Policy Center of American households that owe no Federal Income Tax is at 47%. This can not really be compared to the 36% of American tax filers that owe no Federal Income tax that included in this report. The big different is the millions of American households that are not required to file tax returns.
Nationally, the totals ranged from 21% of Alaskan households to 45% of Mississippi households who owed no Federal income tax.
(Hat Tip: to Peter Pappas of the Tax Lawyer’s Blog)
Chad is a Charlotte CPA who works with small business owners and invidiuals on a monthly basis to provide them with proactive guidance and advice on how to grow their business, minimize their tax liabilities and grow their bottom line. You can find our more about Chad by visiting his profile here: Chad Bordeaux
