GoFuckYourself.com - Adult Webmaster Forum - View Single Post - 45% of Americans pay no federal income tax

Sly · 02-24-2016, 06:42 PM

A few interesting points:
+ Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability
+ The top 1% of taxpayers pay a higher effective income-tax rate than any other group â?? nearly seven times higher than those in the bottom 50%.
+ Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.

45% of Americans pay no federal income tax

02-24-2016, 06:42 PM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,348	45% of Americans pay no federal income tax A few interesting points: + Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability + The top 1% of taxpayers pay a higher effective income-tax rate than any other group â?? nearly seven times higher than those in the bottom 50%. + Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam. 45% of Americans pay no federal income tax __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.