IRS Gets W for 207,307 Federal Income Taxes on $672,788
W & Laura are doing the tax thing and paid $207,307 in federal income tax of course they paid more tax than most people in America earn. As a matter of fact, the couple contributed $77,785 to charity, churches and other charitable organizations, and that’s still more than the average household income of the US family which is in the low $40K range. The Internal Revenue Service probably get deluged in main this week as late filers get their 1040 returns in just in time. Or, the taxpayers could file an extension. It would be cooler if the president had to file an extension.