USA Economy ![]() |
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There were still millions of middle class and working poor citizens attempting to beat today's tax filing deadline but what's more interesting is that America's wealthiest population continue to pay considerably less taxes now than they did more than 20 years ago, and half of U.S. households pay no income taxes at all according to the IRS tax returns with the 400 highest adjusted gross incomes each year.
Accordingly, the average income on those returns in 2007, the latest year for IRS data, was nearly $345,000,000. Their average federal income tax rate was 17 percent, down from 26 percent in 1992. “Providing tax breaks to the wealthy will stimulate economic growth in the Republic” is one the greatest con games ever played on the middle class, working poor and poor American. Anthony P. Johnson |
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