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  2. IRS has recovered $1.3 billion in unpaid taxes from rich ...

    www.aol.com/irs-recovered-1-3-billion-090003279.html

    In 2019, the top 1% of Americans was estimated to owe over one-fifth of unpaid taxes, leaving ordinary Americans to shoulder the burden." Yellen said the IRS is pursuing 125,000 wealthy taxpayers ...

  3. Affluence in the United States - Wikipedia

    en.wikipedia.org/wiki/Affluence_in_the_United_States

    During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. From 1992 to 2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. [33] In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927. [34 ...

  4. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    The difference between income and long-term capital gains taxes for the top two income tax brackets (5% in 1988 and 18% and 20%, respectively, in 2011), however, is larger than the difference between the income and long-term capital gains tax rates for the bottom two income tax brackets (0% in 1988 and 5% and 10%, respectively, in 2011).

  5. Wealth inequality in the United States - Wikipedia

    en.wikipedia.org/wiki/Wealth_inequality_in_the...

    Average and median household income by age group. In 2007, the top 20% of the wealthiest Americans possessed 80% of all financial assets. [14] In 2007, the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%.

  6. The big flaw in Biden’s billionaire tax proposal, according ...

    www.aol.com/finance/big-flaw-biden-billionaire...

    Top 1% pays nearly half of US tax. Opponents of a wealth tax reason that the share of federal taxes paid by the top 1% is already adequate. In 2021, the top 1% paid over $1 trillion, almost half ...

  7. Are you rich enough to be in the top 1%? Here’s how much ...

    www.aol.com/finance/income-wealth-put-top-1...

    Category. Total cohort wealth (share) Wealth per household. Average wealth. $154.39 trillion (100 percent) $1.17 million. Average wealth of bottom 50 percent

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