Tax Bill

Income-InequalityFACTOID: According to the IRS the average American pays 13.6 cents out of each dollar in federal income taxes, with those just below the 1 percent paying 18.4 percent and the top 1 percent paying 27 percent. In perspective the average American earns $54,000 a year. A person in the top 1% earns at least $4 million annually. While their tax bill is double the average American’s their income is 74 times greater.

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