Ho much do you know about the US Income Tax Structure?

Question

For example, do you know the top 15% of wage earners pay almost 60% of all income taxes collexted? Sounds like they are paying their way to me..........How about you?

Answer 1

I know enough about the US Income Tax Structure to know there is no freaking way I can do my own taxes for my business. This is why I have my sister the CPA with a Master's in Accounting do them for me.

Sad, really, that the tax code is so complicated that the regular Joe can't decipher it.

Answer 2

Socialism wants to say the more you make, the greater % you pay. It's a robin hood effect.

Answer 3

I know that in the past, even a very simple mistake in completing my return gets me very threatening letters. I'm retired and the IRS still wants blood out of a turnip. My annual income is less than 25,000

Now I go to the IRS office and have them complete my return. At times it can be a long wait but then I have peace of mind. They have intimidated me.

Answer 4

I know and yet some people keep saying we need to tax the rich more.  Did you know that the bottom third of tax payers pay less than 1% of the total taxes collected?