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Who pays the lowest taxes in the US?

Source: vox.com - Dec 20, 2019

A “fun” piece of tax trivia — if there even is one — is that nearly half of Americans don’t pay federal income taxes. It’s something you’ll hear from conservative pundits, often to make the point that poor people aren’t paying their fair share in taxes.

The easy rebuttal is that there are several other taxes in the US — many of which put a bigger burden on poor people than rich people. But a recent analysis by economists Emmanuel Saez and Gabriel Zucman, as presented in their book, found that poor people may be paying nearly the same portion of their income in taxes as rich people. In their New York Times op-ed, they called America’s system a “giant flat tax.”

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Category: General Business