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Friday, July 22, 2011

NewMax: Half of Those Earning $250,000 or more Paid Zero Taxes

Yep, Rightardia got an email about this from NewsMax. Here is the link:
http://w3.newsmax.com/newsletters/franklin/zero_tax_2011.cfm?s=al&promo_code=CA80-1


This is the book that NewsMax is trying to hawk.

According to FactCheck.org, roughly one in 50 households will take in $250,000 or more next year.


Those reporting adjusted gross income of more than $250,000 to the IRS are projected to make up the top 2 percent of households next year. These high income folks will earn 24.1 percent of all income, and pay 43.6 percent of all personal federal income taxes according the Tax Policy Center figures.

According to NewsMax, nearly half of them pay no income tax at all.


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