Americans Earning over $50,000 a Year Paid 93.3% of all Taxes in 2010

Highlights of the CNSNews report:

According to statistics compiled from the IRS by the Tax Foundation, those people making above $50,000 had an effective tax rate of 14.1%, and carried 93.3% of the total tax burden.

In contrast, Americans making less than $50,000 had an effective tax rate of 3.5% and their total share of the tax burden was just 6.7%.

In 2010, only 85 million actually paid taxes.

The Tax Foundation data also shows that people who didn’t pay any income tax received $105 billion in refundable tax credits from the IRS.

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