Tax Burden Heavy For Middle Class
Finished your income tax return yet? Today’s the deadline for most filers, so if your return isn’t completed, you’d better get at it.
Here’s something to consider: Almost without exception, presidents and members of Congress claim they want to help the middle class. Income tax brackets, showing what percentage of income is taken for taxes, tell a different story.
This year, a family in which a joint return is filed will send at least one-fourth of its earnings to Uncle Sam if taxable income is $73,801 or higher. Local and state taxes add to the burden.
In light of that, how believable are claims federal officials want to help the middle class?