The IRS did an analysis of the 2009 tax year, and some interesting and not surprising things happened! • More than 3% of households that had job income in 2007 had none in 2009.Wow, those are some bad numbers. 13.7% is a big decrease, although that would include capital gains, which pretty much didn't exist in 2009.
• America's average household income fell 13.7% from 2007 to 2009.
• Two million fewer people filed tax returns from 2007 to 2009.
Thursday, August 4, 2011
IRS Analysis of The Great Recession
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