By STEPHEN OHLEMACHER 04/17/11 04:02 PM ET
WASHINGTON--". . . The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.
The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992.
. . .There are so many breaks that 45 percent of U.S. households will pay no federal income tax for 2010, according to estimates by the Tax Policy Center, a Washington think tank."
Rightardia agrees with conservatives that more Americans need to pay federal income tax. This includes corporations and the super-rich who have a sweet deal with the capital gains tax.
See the complete article at
http://www.huffingtonpost.com/2011/04/17/us-rich-income-taxes-drop-dramatically_n_850174.html
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