Wednesday, April 27, 2011

How I Paid Only 1% of My Income in Federal Income Tax

Eric Schoenberg wrote in the Huffington Post, How I Paid Only 1% of My Income in Federal Income Tax. "In 2009, the median U.S. family had an income of just under $50,000, on which they would have paid roughly $2,761 (or about 5.5%) in federal income tax. I, by contrast, enjoyed an income of $207,415 in 2009, but paid only $2,173 (or 1.0%) in income tax."

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