Poor Americans Don T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Column nift for tax.com. good morning, david. good morning. you say there are nine things that the rich don t want you to know about taxes. walk us through them. the first one is this negotiation that poor americans don t pay taxes. i ve heard a number of people on msnbc in the past few days assert that the top 1% pay 40% of the taxes. actually the top 1% pay 40% of the income taxes which are a minority of all federal taxes. and they are only one-fifth of all the taxes americans pay. as for the poor, the bottom half of americans, they re very heavily taxed. they pay payroll taxes on their first dollar at a rate of 1r5.3%. they pay sales taxes, gas taxes. in 49 of the 50 states, the poorest fifth of families carry a heaviest burden that is a larger share of their income goes to state and local taxes than the top 1% in those states. so that s one of the critical ....

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