Deserving of its own post. Here is a table I created from the original. Those earning $200k to $500k – the largest group directly effected by the increased tax rate demanded by Democrats – are paying more than double the rate of the $75k to $100k group!
Share this information and ask why President Obama is claiming the top 2.8 percent of earners ($200k +) are not paying “their fair share.”
The average federal tax rate of the top 2.8 percent is more than double (in some cases triple) the middle class, and they are paying 50.2 percent of the federal income taxes paid! How is that not paying their fair share?
Adjusted Gross Income Less Deficit is line 37 of your 1040. This is your income prior to standard or itemized deductions. AGI less your deductions equals your Taxable Income. I ran the average tax rate both ways.