IRS: 1,470 millionaires paid no income tax in '09

Not the best day to report this, but the IRS says 1,470 millionaires paid no federal income taxes in 2009.

More than 235,000 taxpayers earned $1 million or more in '09, with 8,274 making more than $10 million, the Internal Revenue Service said. All told, there were 140 million taxpayers.

The nonpartisan Tax Policy Center reported last month that 46% of American households (known as "units") actually will not pay federal income taxes for this year nor will receive refunds. That's because of low incomes, credits for children or other dependents, or exemptions.