Skip to comments.Numbers in High-Income Tax Bracket Decline
Posted on 05/27/2012 3:18:32 PM PDT by reaganaut1
The number of taxpayers making more than $200,000 declined in 2009 for the second straight year, government figures Friday showed, with almost four million American filers falling into the category of people who are at the most risk of facing higher tax rates at year's end.
The Internal Revenue Service said 3.92 million individual-income tax returns reported adjusted gross income of $200,000 a year or more in 2009. The peak year was 2007, when almost 4.54 million Americans fell into the highest income category.
President Barack Obama has proposed that Bush-era tax cuts should expire for households making more than $250,000 a year or individuals making more than $200,000 a year. Republicans want to extend the cuts for all Americans.
As for tax rates, the IRS said the effective tax rate was between 15% and 20% for just more than a third of the people with tax returns of more than $200,000 a year. Another 30% had tax rates of 20% to just under 25%.
(Excerpt) Read more at online.wsj.com ...
Clearly a bunch of Tea Partying racists who voluntarily reduced their income to avoid paying their “fair share”. They probably hate women too.../s
But 2009 is more than two years ago. Things have picked up considerably since then in the parts of the economy occupied by those with more $200K a year.
“The number of taxpayers making more than $200,000 declined in 2009 for the second straight year...”
Sheesh! Thanks to 0bamunism, these fat-cats are going to catch up (down?) to me yet!
Wonder what the ratio of federal and state and local government employees vs private sector is?
2009 was 3 yrs ago.
Not June 2009!
Barack Obama, expanding the middle class one former millionaire at a time!
Those who make $250k are millionaires and billionaires
November 2nd, 2011
Obama easily won their vote in 2008.
Come back Friday.
Those racists cut their pay to make obama look bad.
I have heard this theory on obama’s media.