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Exact(44)
Looking at average tax rates doesn't give the full picture.
They calculated average tax rates for entire lifetimes.
But marginal and average tax rates are high, especially for companies.
The government withdrew the measures, but instead introduced huge income tax hikes, adding 3% to average tax rates.
These earners pay average tax rates of 50percentt, where they remain right on up the pay scale.
Since around 1980, average tax rates of the top 1% of American earners have fallen as their incomes have risen.
Similar(14)
The average tax rate for companies would fall to 29%.
That would have resulted in an average tax rate of 17.5percentt.
Companies reporting taxable income in 2013 paid an average tax rate of less than 24%.
And their average tax rate continued to a 15-year low of 17percentt.
And among households earning a million to ten million, the average tax rate is twenty-six per cent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com