Well here is the answer. But like all statistics, they lie! The wealthiest 1% of Americans paid 40% of the total taxes in 2007. But overall, the percentage of tax they paid was 29% of their income, down from 37% in 1979 and 30% in 2002. The Average American paid 20% in 2007, down from 22% in 1979. But the wealthy pay the most. Here is a chart that shows the spread.
As always, we are here to reduce your taxes. Do not hesitate to call at 949-683-8111 or email. Have a very happy Tax Day on Monday, 4/18.
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