Mother Jones Sept. I& 2012 Charts: You Might Be the 47 Percent If... ...you don't owe federal income taxes because you're a working mom, a soldier, a millionaire, or a corporation. By Tasneem Raja, Jaeah Lee, Dave Gilson, and Dana Uebelson By now you've no doubt heard Mitt Romney's thoughts about the "47 percent" of Americans "who pay no income tax." But are you one of them? You might be if you are... SUPERWEALTHY The 47 percent aren't all moochers. In 2011, 3,000 taxpayers earning more than $2.2 million paid no federal income tax. How'd they manage that? High earners have a wealth of tricks for minimizing their tax bills, including writing off losses, foreign investments, and giving to charity. Taxpayers Who Didn't Pay Individual Income Taxes, 2011* Income level Number of households Less than $10,000 $10,000 to $20,000 $20,000 to $30,000 24,300,000 22,836,000 12,653,000 $30,000 to $40,000 7,112,000 $40,000 to $50,000 4,188,000 $50,000 to $75,000 2,858,000 $75,000 to $100,000 723,000 $100,000 to $200,000 381,000 $200,000 to $500,000 81,000 $500,000 to $1,000,000 22,000 Over $1 million 7,000 *Note: Taxpayers may refer to households or individuals. Source: Tax Policy Center MotherJones JUST PRETTY WEALTHY Page I lot7 EFTA01092110