• Text -A A +A
  • ...
  • Facebook
What does the average American pay in annual personal income tax?
POLL RESULTS
  % of Americans Tax Liability
3% Poll Bar $0
79% Poll Bar $1-$10,000
7% Poll Bar $10,000-$50,000
2% Poll Bar $50,000+
ACTUAL INCOME TAX PAID
  % of Americans Tax Liability
47% Poll Bar $0 (47% of Americans pay no income tax at all)
37% Poll Bar $1-$10,000
15% Poll Bar $10,000-$50,000
1% Poll Bar $50,000+

The top 5% most productive Americans pay 59% of all income tax collected by the Fed Government. Despite the media labeling this category of taxpayers as "wealthy" - over half of those most productive Americans are actually small business owners taxed at the personal income tax rates.

...

get the latest news

This website was designed to answer your questions regarding the Section 179 Tax Deduction, and to explain the impact the various Stimulus Acts have had on Section 179. The information on this site will clearly explain the Section 179 Deduction in plain terms; will go over what property qualifies under Section 179 for the deduction; and will explore the myriad of ways the Section 179 deduction can impact your bottom line. In addition, there are IRS tax forms and also tools for you to use, such as the free Section 179 Deduction Calculator currently updated for the 2014 tax year.