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Wednesday, May 30, 2012

Not a taxing affair

Employment News, Consumer Tips and Job Advice - Life Inc. | TODAY.com Blogs - Thousands of wealthy earners manage to zero out tax bills: "More than 35,000 people who had income of more than $200,000 in 2009 paid no federal income taxes that year, according to a new report from the Internal Revenue Service.
The non-taxpayers were among the top 3 percent of all earners with more than $200,000 in "expanded income," which includes adjusted gross income plus other less common sources of income such as tax-exempt interest or foreign income."

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