Commentary

IRS Data: Wealthier Americans Pay a Disproportionately High Income Tax Share

By Timothy H. Lee
Thursday, December 05 2024

“The rich don’t pay their fair share in taxes.” In the wake of Joe Biden’s pardon of his son Hunter despite multiple pledges to the contrary, that slogan maintains the same validity as Biden’s frequent reference to “my word as a Biden.” The primary distinction between them is that the public fully realizes the falsity of the latter, but not as much the former. Greater familiarity with Internal Revenue Service (IRS) data for the most recent tax year, however, would rectify that disparity. Stated simply, the official…

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— Steven Stalinsky, Ph.D., Executive Director of MEMRI

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