Sunday, May 27, 2012

Numbers in High-Income Tax Bracket Decline

The Wall Street Journal reports:
The number of taxpayers making more than $200,000 declined in 2009 for the second straight year, government figures Friday showed, with almost four million American filers falling into the category of people who are at the most risk of facing higher tax rates at year's end.

The Internal Revenue Service said 3.92 million individual-income tax returns reported adjusted gross income of $200,000 a year or more in 2009. The peak year was 2007, when almost 4.54 million Americans fell into the highest income category.
Just a reminder to those who think taxes don't matter.