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Americans Making Over $50,000 a Year Paid 93.3 Percent of All Taxes in 2010


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americans-making-over-50000-year-paid-933-percent-all-taxes-2010CNSnews:

Americans making over $50,000 paid most of the federal taxes that were paid in the U.S. in 2010.

According to statistics compiled from the Internal Revenue Service (IRS) by the Tax Foundation, those people making above $50,000 had an effective tax rate of 14.1 percent, and carried 93.3 percent of the total tax burden.

 

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.

 

 

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.Scissors-32x32.png

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Tax Day is reminder of broken tax code

 

By Sen. Marco Rubio

U.S. Senator (R-FL)Tax Day is no cause for celebration. It’s not just because of the pressure so many working families feel to submit their returns by the deadline. It’s also a sobering reminder of what a complicated mess America’s tax code is and how it blocks job creation and economic prosperity.

First, there is the uncertainty about taxes going up at year’s end for everyone. Constantly facing the specter of massive tax increases if Congress fails to act is no way to live, plan family budgets or have to run a business. We should make permanent the tax relief first passed in 2001 and 2003 immediately and prevent the largest tax increase in American history from taking effect.

Second, we must commit ourselves to comprehensive, pro-growth tax reform. Every day, our tax code gets more complicated and requires enormous resources to comply with because of loopholes that are the result of good lobbying instead of good public policy. People shouldn’t have to hire armies of accountants Scissors-32x32.png

Read more: http://dailycaller.com/2012/04/16/tax-day-is-reminder-of-broken-tax-code/#ixzz1sDDN52ht

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