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The IRS says 1,470 millionaires paid no federal income taxes in 2009:
Where did the money go? Tax "expenditures" (otherwise known as deductions, write-offs, subsidies or loopholes), charities, municipal bonds and tax payments to foreign governments, according to a recent IRS [report].
Posted at 05:46 PM in Bring out your isses (ding)! | Permalink
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