Average rate for richies plunges to 17% from 26%
(NEWSER) - Some Tax Day trivia: The super rich are paying a far lower tax rate than they did 20 years ago, and nearly half of all US households—including both rich and poor—pay no taxes at all. People with the 400 highest adjusted gross incomes paid nearly $345 million in taxes in 2007, the most recent year figures are available. Their average federal income tax rate was 17%, down from 26% in 1992, reports AP . During that same period, the average tax rate for all taxpayers dipped to 9.3% from 9.9%. More»
