Comment on US Historical Income Tax RatesparentComments−oh_sigh4yThat's what the standard deduction does.For example, 57% of households did not pay any federal income tax in 2021: https://www.cnbc.com/2022/03/25/57percent-of-us-households-p...That's not even from COVID, the percentages are fairly similar going back a number of years.
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That's what the standard deduction does.
For example, 57% of households did not pay any federal income tax in 2021: https://www.cnbc.com/2022/03/25/57percent-of-us-households-p...
That's not even from COVID, the percentages are fairly similar going back a number of years.