Monday, January 23, 2012

Random chart - US tax rates

Source: Romney’s Tax Returns and Effective Tax Rates of the Rich

From 2009 (latest available from the IRS), "... The table also shows the average, or effective, tax rate that taxpayers in each income group pay. For the entire universe of American taxpayers, the average tax rate is 11 percent of our AGI. The highest average tax rate paid by anyone earning under $100,000 is 8 percent. That shows the power of the sundry tax credits available to the "middle-class..."

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