Monday, January 30, 2012

1%, 99%, Whatever - Where Do You Rank?

Taxation is a hot-button issue in the US; political candidates routinely spar, sometimes vituperatively, on the merits of greater or lesser taxation.  In recent months, the various Occupy protests have made strong social statements about the growing dichotomy of wealth in the US.  This is not a new story, but the trends of the last few decades have concentrated a great amount of wealth in relatively few hands.

As you watch the news or listen to the politicians, have you wondered where YOU fall on the income/taxation scale?  Well, the folks over at Kiplinger have put together a good explanation of the distinctions between income, taxes paid, and our comparative standing among "taxpayers."  Give them a read, plug in your number (you only need one - last year's adjusted gross income, or AGI), and see where you stand.

Where Do You Rank as a Taxpayer? - Kiplinger

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