61% Of Americans Paid No Income Tax In 2020: Report
In 2020, 61% of all Americans — an estimated 107 million U.S. citizens — paid no taxes, according to a new report from the Tax Policy Center.
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The most recent IRS data from 2018 show that the top 1% of income earners paid more in federal income taxes than the bottom 90% percent of U.S. income earners combined.
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Under our progressive income tax system, the top 1% paid 40% of all federal income taxes; the top 10% paid 71% percent of all income taxes, and the bottom half of taxpayers paid less than 3% of all U.S. income taxes.
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In 2020, Americans paid federal taxes, including:
* $1.3 trillion in federal withholding taxes for Social Security and Medicare;
* $43 billion in gasoline and diesel taxes for the Highway Fund;
* $10 billion in taxes on alcohol; and
* $1 a pack in cigarette taxes.
More here!
http://www.dailywire.com/news/61-of-americans-paid-no-income-tax-in-2020-report
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