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Posts Tagged ‘irs income tax’

Are the Super-Rich Paying Even Lower Taxes?

June 09, 2015  |   Tax News   |   Tags: , ,  

The United States has a progressive tax system, which means that taxpayers that earn more pay more in taxes. Lower income groups get certain tax benefits that help them save on taxes, such as the Earned Income Tax Credit. Traditionally, statistics reveal that the super-rich pay less in taxes. New data from the IRS shows the percentage of tax individuals in different income groups pay.