From:
Middle Class--Not the Rich or the Poor--Pay Majority of Federal Taxes, Says CBO Data
(CNSNews.com) -- by Terence P. Jeffrey --
Middle-class Americans--not the rich or the poor--pay the majority of annual tax revenues taken in by the federal government, according to data released in a new Congressional Budget Office study. Households earning less than $34,300 per year, meanwhile, actually pay a negative average federal income tax rate.
Middle-class households that earned between $34,300 and $141,900 paid 50.5 percent of all federal tax revenues in 2007 (the most recent year analyzed), according to the CBO study released Thursday, and households that earned between $34,300 and $352,900 paid 66.7 percent of all federal taxes.
Households in the top 1 percent for annual income (those earning more than $352,900) paid a healthy 28.1 percent of all federal taxes, but households in the lower income brackets paid relatively little. Those earning less than $34,300 paid only 5.2 percent of all federal taxes, and those earning less than $20,500 carried almost none of the federal tax burden (just 0.8 percent of the total) in 2007.
Households in the top 1 percent for annual income (those earning more than $352,900) paid a healthy 28.1 percent of all federal taxes, but households in the lower income brackets paid relatively little. Those earning less than $34,300 paid only 5.2 percent of all federal taxes, and those earning less than $20,500 carried almost none of the federal tax burden (just 0.8 percent of the total) in 2007...MORE...LINK
Unhinged senior Israeli politician says Zionists will now totally unleash
Ukraine on Russia for helping Palestinians; declares war on all "terrorist"
nations who speak out against Israeli genocide
-
Zionist Genocidal Maniacs Now Blowing All 8 Gaskets Live During Prime
Time—WOW!!!
Judea Declares War on Gentiles: “People Will Pay The Price Everywhere”
h...
4 days ago
No comments:
Post a Comment