Wage Earners Who Were Paid Over 100K Pay 72% Of All Income Taxes
If you engage in class envy, read the headline very carefully and understand
that it's not the mega-rich who are paying the lion's share of income taxes in
this nation but "wage-earners" who earn more than 100,000 dollars per year.
Forget what you may believe about what the "rich" and the "poor" pay. The problem is that folks in the "middle" are the ones being squeezed by our out-of-control federal government.
(CNSNews) Taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in taxes, according to the latest data from the Internal Revenue Service (IRS) from 2011.
In 2011, according to the IRS, there were 145,370,240 tax returns filed. Among those returns, 125,914,418 or 86.6%, belonged to taxpayers earning a salary less than $100,000. The remaining 19,455,822 returns belonged to those taxpayers earning more than $100,000, or 13.4% of the total.
While those top earners, earning six figures or more, represented only 13.4% of the total number of returns reported to the IRS, they contributed nearly three-fourths of the total amount of tax revenue reported for that year.
Read The Full Story
Forget what you may believe about what the "rich" and the "poor" pay. The problem is that folks in the "middle" are the ones being squeezed by our out-of-control federal government.
(CNSNews) Taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in taxes, according to the latest data from the Internal Revenue Service (IRS) from 2011.
In 2011, according to the IRS, there were 145,370,240 tax returns filed. Among those returns, 125,914,418 or 86.6%, belonged to taxpayers earning a salary less than $100,000. The remaining 19,455,822 returns belonged to those taxpayers earning more than $100,000, or 13.4% of the total.
While those top earners, earning six figures or more, represented only 13.4% of the total number of returns reported to the IRS, they contributed nearly three-fourths of the total amount of tax revenue reported for that year.
Read The Full Story
