◼ In contrast, Americans making less than $50,000 had an effective tax rate of 3.5 percent and their total share of the tax burden was just 6.7 percent. - CNS News
Americans making more than $250,000 had an effective tax rate of 23.4 percent and their total share of the tax burden was 45.7 percent.
Out of the 143 million tax returns that were filed with the IRS in 2010, 58 million – or 41 percent – of those filers were non-payers.
In other words, only 85 million actually paid taxes.
But Tax Foundation data also shows that people who didn’t pay any income tax received $105 billion in refundable tax credits from the IRS.
Most viewed this week:
◼ What I most admire about James O’Keefe… - Michelle Malkin As you all know, several newspapers over the years have endangered law-abidin...
Conservative women are waging the counter-offensives against leftist degradation for themselves that no one else will wage.◼ S.E. Cupp, Hustler, and the four stages of conservative female abuse - Michelle Malkin Whether it’s Palin or Ann Romney or Nikki Haley ...
◼ President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals - The Guardian ...
1860 Republicans Established the Transcontinental Railroad The 1860 Republican National Convention, in its platform, called for build...