Tax Day 101: How some millionaires can owe no taxes

After all, the US tax code is set up to lean hardest on people with higher incomes, and $1 million is high by any standard.

Yet 959 tax filers had that much income and were not taxed, according to latest (2007) data from the Internal Revenue Service. And, as the earlier Monitor article reported, 1,646 tax filers with incomes between $500,000 and $1 million were "nontaxable," or owed no tax that year.

Tax Day 101: How some millionaires can owe no taxes
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