The Richest People in America Pay an 18% Tax Rate

If you are a middle class person who earns the national median income of $52,000, you pay a federal tax rate of 25%. If you earned ten thousand times that much money, your tax rate would go down.

If you are a middle class person who earns the national median income of $52,000, you pay a federal tax rate of 25%. If you earned ten thousand times that much money, your tax rate would go down.

Tomorrow is the 100th anniversary of the federal income tax. Thank you, federal income tax, for all the things you have bought this country, except the wars! On this auspicious anniversary, here are five tax ideas to make the next 100 years even better.