Fair Share?: Six Figure Taxpayers Paying Largest Share On Federal Taxes
Oklahomans making six figures pay lion’s share of federal taxes, IRS figures show
by Chris Casteel
WASHINGTON — With the deadline for filing federal taxes on Wednesday, lawmakers and the president are likely to engage in partisan rhetoric about the “overtaxed” middle class and whether the wealthy are paying their “fair share.”
Defining “fair share” and “middle class” can be difficult. But it’s not hard to figure out who pays federal income taxes. It’s the people who make the most money.
In Oklahoma, for instance, people who made over $100,000 paid 74 percent of all federal income taxes due in the state in 2012 — the latest year for which detailed Internal Revenue Service figures are available for states.
People who made between $10,000 and $50,000 accounted for half of all Oklahomans who filed a federal tax return in 2012, and they accounted for 8 percent of the federal income taxes.
Tax Day:
USA- Obama tax refunds for IA’s to cost $2 billion over 5 years
http://www.washingtontimes.com/news/2015/mar/11/irs-amnesty-bonus-tax-refunds-for-illegal-immigran/
Illegal immigrants will file 800,000 claims for Earned Income Tax Credit refunds under President Obama’s new deportation amnesty, costing the government $2 billion over the next five years, Congress’s scorekeeper predicted this week as key lawmakers proposed legislation to cancel what’s become known as the “amnesty bonus.”
USA-IA’s to begin collecting benefits in 2017 (video testimony)
http://www.thegatewaypundit.com/2015/03/confirmed-illegal-immigrants-to-begin-collecting-benefits-in-2017/
…the illegals aren’t going to be paying any “back taxes” to “earn” their citizenship. They’re going to be able to collect money from the IRS through tax credits, up to $35,000 apiece. Now the Social Security Administration has confirmed that amnestied aliens will be able to collect benefits from it as well, as early as 2017.