MaggieD
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Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF
This thread is about people making $50,000 a year.
Sorry, dear, but I'm not posting my tax returns on the internet. If you don't think it's a big deal, why don't you scan yours off and post them up to prove that you DIDN'T pay a higher rate than Romney?
If you really can't believe it then you aren't being particularly rational. On average, the top quintile (20%) of taxpayers paid a higher rate (17.9%) than Romney (14%) in 2011. The top 10% paid a higher rate still (20%), the top 5% paid at an even higher rate (21.9%) and the top 1% higher yet (24.6%). So, on average, people in Romney's income group paid at a rate better than 10% higher than Romney paid. These are facts which you can peruse on Page 12 of the CBO's report: http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/57xx/doc5746/08-13-effectivefedtaxrates.pdf
One caveat: the report was published in 2004 so the numbers are obviously projected. But tax rates have not changed in the interim.
This thread is about people making $50,000 a year.