Scarborough Falsely Claims The Average Millionaire-Billionaire Pays Eighteen Percent in Taxes


Scarborough Falsely Claims The Average Millionaire-Billionaire Pays Eighteen Percent in Taxes.

“As NewsBusters reported Monday, as a percent of Adjusted Gross Income, folks making $1 million or more in 2009 paid between 22.6 and 25.8. In terms of taxable income, those numbers rose to between 26.3 and 29.7 percent.

The Media Research Center’s Rich Noyes took these IRS figures and determined that as a percentage of taxable income, those making over $1,000,000 paid an average of 28.5. I’ve just calculated that as a percentage of AGI, it’s 24.5.”

Income facts. Look at the IRS data.

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