Happy Tax Day, this should cheer everyone up!
45% OF AMERICANS PAY NO FEDERAL INCOME TAX
looks like I am in the 55% bracket, damn it.
"On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam."
Well surely this will make everyone feel good all over!
O'gummer had $476,000 income for 2015 ($400,000 from the salary you pay him and $76,000 royalty on his book) and paid a tax rate of 18.7% allowing him to get a $22,000 refund.
