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I think this is statistically relevant, as rich Americans pay a big part of taxes: During Fiscal Year (FY) 2006, the IRS collected more than $2.2 trillion in t
by helveticaman 18y ago
I think this is statistically relevant, as rich Americans pay a big part of taxes:
During Fiscal Year (FY) 2006, the IRS collected more than $2.2 trillion in tax net of refunds, about 44 percent of which was attributable to the individual income tax. This is partially due to the nature of the individual income tax category; containing taxes collected from working class, small business, self employed, and capital gains. Of the Individual Income Tax, the top 5% of income earners pay 60% of this amount. [8] [9]
http://en.wikipedia.org/wiki/Internal_Revenue_Service#Tax_collection_statistics http://en.wikipedia.org/wiki/Internal_Revenue_Service#Tax_co...
The top 5% pays 26.4% of tax receipts, and changes in the marginal tax rate for the top bracket usually affect tax rates of lower brackets. I'd say this news is pretty relevant.