The Pale Orc
Gold Supporting Member
- Aug 4, 2018
- Reaction score
- Boston, MA
Pretty sure the "wealthy" pay more than their fair share based on the above exhibit.
Many of these tax credit programs, such as the child tax credit, also benefit middle-income taxpayers but typically don’t erase their tax liability. However, as is evident in the chart, taxpayers in the $30,000 to $100,000 range have effective tax rates in the single digits.
The IRS recently released preliminary data for Tax Year 2014. The data shows that the U.S. income tax system remains very progressive, with high-income taxpayers paying a disproportionate share of the tax burden relative to their share of the nation’s income, while the majority of taxpayers pay...
Stop whining, leftists.