No. of Recommendations: 3
Top 3% of America's taxpayers paid majority of income taxes in 2016
The top .001 per cent - 1,400 taxpayers - paid as much as bottom 50 per cent
In 2016, U.S. government collected a total of $1.44trillion in income tax

Americans who earned in the top 1 per cent paid more individual income tax than the bottom 90 per cent combined in 2016, according to new figures released by the Internal Revenue Service.

The bottom 50 per cent paid the same amount of income tax as the top 0.001 per cent, according to the IRS figures compiled by Bloomberg.

That means approximately 1,400 taxpayers - who make up the top .001 per cent - paid 3.25 per cent of all income taxes.

https://www.dailymail.co.uk/news/article-6275713/Americans-e...


t
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.