38% of North Carolinians Pay Zero Federal Income Tax

May 27, 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)

Donna Bordeaux, CPA with Calculated Moves

Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.