Retirement Income Center

Wealthy paid 13% more tax on same income

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Sinopsis

It’s no secret that high-income households have historically paid more than their fair share of income tax relative to their numbers. For the 2013 filing season for 2012 individual income tax returns, as of July 25, 2013, IRS processed 137 million returns with adjusted gross income, or AGI (gross income minus deductions for AGI), totaling […] The post Wealthy paid 13% more tax on same income appeared first on Retirement Income Center.