Top Oklahoma earners pay large majority of federal income taxes, IRS figures show
BY CHRIS CASTEEL NewsOK.com
Monday, September 24, 2012
WASHINGTON — Oklahomans reported nearly $80 billion in income to the IRS for 2010 and owed nearly $9 billion in federal income taxes, according to IRS statistics that show 68 percent of the federal income tax bill was borne by households with incomes over $100,000.
The largest group of tax return filers in Oklahoma had adjusted gross incomes below $25,000. There were 688,148 households in that category — about 43 percent of the total returns filed in Oklahoma for tax year 2010. That 43 percent of filers paid less than 2 percent of the total tax bill.
The smallest group of filers had adjusted gross income over $1 million, but those 2,405 returns accounted for $1.6 billion — or about 18 percent — of the total amount owed in the state.
Leaked comments made by Republican presidential candidate Mitt Romney at a private fundraiser about 47 percent of Americans not paying federal income taxes sparked a new debate about the distribution of the federal income tax burden.
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