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They also don't include nearly the amount of deductions and exemptions that Americans actually use. For the most recent year of data, the average American paid
by muzz 14y ago
They also don't include nearly the amount of deductions and exemptions that Americans actually use.
For the most recent year of data, the average American paid 7.2% of income in Federal income tax. Even the Top 1% of income earners only paid 21% and the next 4% paid 14.6% [1]
[1] http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456 http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...