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Published 16 days ago

Who pays on Tax Day

Summary by popular.info

Yesterday was the last day for Americans to file their 2023 taxes on time. What is the biggest difference between Tax Day this year and Tax Day in 1980? Millionaires pay a lot less. Between 1945 and 1980, American households that made $1 million or more paid an average of 50.1% of their income in federal taxes, according to a new report from Americans for Tax Fairness. This period following World War II was characterized by "substantial economic…

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Who pays on Tax Day

Yesterday was the last day for Americans to file their 2023 taxes on time. What is the biggest difference between Tax Day this year and Tax Day in 1980? Millionaires pay a lot less. Between 1945 and 1980, American households that made $1 million or more paid an average of 50.1% of their income in federal taxes, according to a new report from Americans for Tax Fairness. This period following World War II was characterized by "substantial economic…

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