Taxing America

• Last week the US census revealed that 46 million Americans – one in six – now live in poverty, the highest number ever.

• In 2010, the top 20% of Americans earned 49.4% of the nation’s income. The top 1% account for 24% of all income.

• About 47% of US people pay no federal income taxes, either because their incomes are too low, or because they qualify for enough tax breaks to eliminate their liability.

• People who make money from investments pay far lower taxes than those who earn it from their wages.

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