MarketWatch
Donald Trump paid $0 in taxes in 2020. He’s not alone: 60% of households paid no federal income tax that year, but for very different reasons.
Former President Donald Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxation. This year, some 72.5 million U.S. households, or 40%, will pay no federal income tax, down from the pandemic high of 100 million households, or 60%, two years ago, according to estimates from the Tax Policy Center. In 2021, nearly 56% of households, or 99 million, paid no federal income tax, the nonpartisan think tank said in a report released earlier this year.
Source: finance.yahoo.com
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