|
|
|
|
|
|
by garmaine
1707 days ago
|
|
|
Facts: https://www.thebalance.com/what-the-average-american-pays-in... "According to the Tax Foundation's review of 2018 tax returns, the latest year for which data is available, the top 1% paid an average income tax rate of about 25.4%." To pay an average income tax rate of 25.4% in 2018 would require an income of $165,000/yr. That would put you in the top 2%. And this is completely ignoring deductions, credits, etc. which proportionally help lower income tax brackets more due to cutoffs and phase outs. 98% of Americans have a lower average income tax rate than the top 1%, even under conservative assumptions. ----- I suggest looking up facts and doing some fermi calculations yourself instead of blindly believing what you read in the news. |
|
|