Tag Archives: Wealthiest People in America
By Brittany Smith, World Magazine
President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” the president said Sept. 19.
The data tell a different story, though. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government research. The wealthy pay at a higher rate, and as a group they contribute a much larger share of the overall taxes collected by the federal government.…