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Report: Taxes Hit Top US Earners Hardest

04-13-2015
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With tax day just two days away, millions of Americans are busy trying to file their income taxes for the year.

The Wall Street Journal took a look at just who pays how much in taxes. By far, the people who make the most money pay the overwhelming majority.

Using data from the non-partisan Tax Policy Center, the Journal reports that the top 20 percent of income earners, people who make more than $134,000, pay a whopping 84 percent of the total income tax.

The top 1 percent pay almost 46 percent of all the income tax money that goes to Washington.

The possibility of tax reform could become an issue in the upcoming presidential election.

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