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Who pays the most taxes ing to The IRS?

The highest-earning Americans pay the most in combined federal, state and local taxes, the Tax Foundation noted. As a group, the top quintile those earning $130,001 or more annually paid $3.23 trillion in taxes, compared with $142 billion for the bottom quintile, or those earning less than $25,000.

What is Soi in accounting?

You know what operating income is; basically, its just the income thrown off, before taxes, of the operations of a business. But the SEGMENT operating income term generally applies to large companies with multiple divisions.

What does Soi mean in taxes?

Statistics of Income (SOI) is a program and associated division of the Internal Revenue Service (IRS) in the United States to make statistics collected from income tax returns and information returns available to other government agencies and the general public.

What does The IRS stand for in the Internal Revenue Service?

The Internal Revenue Service (IRS) administers and enforces U.S. federal tax laws.

What percentage of people claim the standard deduction?

For some people, itemizing reduces their tax bill more than claiming the standard deduction would. However, an estimated 90% of taxpayers choose to claim the standard deduction.