The United States went through its longest, and by most measures worst economic recession since the Great Depression between December 2007 and June 2009. This chartbook will document the course of the economy following that recession against the background of how deep a hole the recession created – and how much deeper that hole would have been without the financial stabilization and fiscal stimulus policies enacted in late 2008 and early 2009.
Understanding Taxes http://www.cbpp.org/
Close to half of U.S. households currently do not owe federal income tax. The Urban Institute-Brookings Tax Policy Center estimates that 46 percent of households will owe no federal income tax for 2011. A widely cited figure is a Joint Committee on Taxation estimate that 51 percent of households paid no federal income tax in 2009.
“These figures are sometimes cited as evidence that low- and moderate-income families do not pay sufficient taxes. Yet these figures, their significance, and their policy implications are widely misunderstood." Read more