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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 18, 2011
Page
2
A weather summary notes a cold front moving through the region with showers. Moisture from warm and stationary fronts interacts, producing rain and wintry mix across parts of the Northwest.
Taxpayers in Washington D C gained three extra days to file as Emancipation Day shifted the federal deadline. The delay applies because local holidays in the capital count the same as federal holidays. Lincoln signed the law ending slavery in D C on April 16 1862.
Tax Policy Center estimates indicate a large share of households face zero federal income tax. Critics and supporters push for overhaul of credits deductions and exemptions as Republicans seek lower rates and Obama proposes eliminating tax breaks to curb borrowing.
Analysis of 2009 tax data shows deductions and credits totaling 1.1 trillion. Mortgage interest reduced federal taxes for 34.6 million taxpayers by about 77 billion. 36 million families received over 54 billion from the child tax credit. Social Security untaxed income saved 28 million taxpayers 24 billion. 425.7 million low income families benefited 55 billion from the earned income tax credit.
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