Connect with us

Hi, what are you looking for?

National News

Top one percent of wealthiest households pay mounting share of all US income taxes

The richest households paid 40.1% of all federal income taxes in 2018

By Brittany De Lea

FOXBusiness

The share of the nation’s individual income taxes that are paid by the wealthiest households has increased over recent decades alongside their adjusted gross income, recent data shows.

In 2018, the top 1% of taxpayers – defined as those with adjusted gross income above $540,009 – earned 20.9% of all adjusted gross income (AGI) and paid 40.1% of all federal income taxes, according to data from the Tax Foundation.

Click the link below to read the rest of this story.

https://www.foxbusiness.com/economy/wealthiest-americans-share-us-taxes

Click here to get more news from the Bulldog

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bulldog Regional/Local

Kentucky State Police have confirmed they are conducting an investigation into the allegations

Entertainment

Also , Begged Joe To Run For WH To Salvage His Own Reputation And Made Porn Films With Prostitutes. Forensic Experts Prove Laptop IS...

National News

By Mark Hansel Bulldog Report managing editor The inaugural Freedom Fest in Morning View, Kentucky, drew a crowd of thousands to the farm of...

Health

Letter from St. E doctors and other healthcare professionals expresses strong opposition to mandate Deters law has received a copy of a letter from...