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theatlantic: 35,000 Rich People Aren’t Paying Any Income Tax? How Is That Possible? It turns out that the rich aren’t different from you and me. They’re not paying their federal income taxes, either. Some of them, anyway. The chart above, via Felix Salmon, gives us an idea of how has changed over the past two decades. The light blue line shows the number of taxpayers making $200,000 or more who don’t pay any federal income taxes. Notice the sharp tick up since 2007. Read more. [Image: Reuters]

theatlantic:

35,000 Rich People Aren’t Paying Any Income Tax? How Is That Possible?

It turns out that the rich aren’t different from you and me. They’re not paying their federal income taxes, either.

Some of them, anyway. The chart above, via Felix Salmon, gives us an idea of how has changed over the past two decades. The light blue line shows the number of taxpayers making $200,000 or more who don’t pay any federal income taxes. Notice the sharp tick up since 2007.

Read more. [Image: Reuters]

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