2024-04-15 20:15:32
Per the Tax Foundation’s analysis in 2023, The top 1% of taxpayers paid the highest average income tax rate of 25.99%—more than eight times the rate faced by the bottom half of taxpayers. [Link] NEEDS_MORE_RATINGS(7-0-6) Author
2024-04-15 21:23:10
Although "income tax" rates have not gone up on those under 400k, Bidenomics created a heavy inflation tax on the lower income. Hitting its high of 9.1% in June of 2022. Goods are up 20% or more. Those who benefited from higher wages ended up in higher tax brackets. [Link][Link] NEEDS_MORE_RATINGS(5-0-5) Author