Two-thirds of all US households owed NO income tax last year due to surging unemployment and temporary credits – while the top 1% paid 46% of the total
The majority of US households owed nothing in federal income taxes last year, while the top 1 percent of earners paid nearly half of all income tax, new estimates show. Data published this week by the Tax Policy Center shows that 61 percent of households either owed nothing or gained money through credits in 2020, a 40 …