Percentage | Dollars x $100 | |
---|---|---|
Income Below $25K | 84 | 20.86 |
$25-50K | 84 | 26.18 |
$50-75K | 76 | 28.38 |
$75-100K | 73 | 34.08 |
$100-200K | 62 | 43.5 |
$200K & up | 34 | 126.11 |
Percentage of Refund by Income
Income Level
Percent Receiving Refund
Sources:
money.cnn.com
Percentage | Dollars x $100 | |
---|---|---|
Income Below $25K | 84 | 20.86 |
$25-50K | 84 | 26.18 |
$50-75K | 76 | 28.38 |
$75-100K | 73 | 34.08 |
$100-200K | 62 | 43.5 |
$200K & up | 34 | 126.11 |
Overall, roughly eight taxpayers in ten can expect a tax refund, but does the "Matthew Principle" still apply? H&R Block waded through the IRS' data for 2012 and found that modest earners get more refunds, as a percentage of taxpayers, but the highest earners still received the highest refunds after "lending" Uncle Sam their money (interest free)!