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Monday, March 24, 2014

Age and Taxes

Previous posts have discussed the distribution of the tax burdenCNN Money reports:
American society may be youth-obsessed. But when it comes to funding what Americans expect their government to do for them, props go to people who are middle aged and older.
Nearly half of all tax filers are over 45. And they are paying the lion's share of federal income tax revenue -- 74% in 2011. That's up from 61% in 1997, according to an analysis of IRS data by the Tax Foundation.
 taxes over 45