Thursday, December 27, 2012
Who's Not Paying Their Fair Share?: The Top 3% Pay A Whopping 52% of All Federal Income Tax!
For tax year 2010, 142.9 million tax returns were filed in the USA.
3% of those returns reported Adjusted Gross Income (AGI) of at least $200,000.
Those high income Americans received 28% of all AGI in the country and paid 52% of all federal income tax for the year at an effective tax rate of 22%.
Source: Internal Revenue Service
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