In Oklahoma, about 77 percent of the households with adjusted gross income of less than $25,000 reported income from salaries and wages, which means they were workers. And, even if those wages fall below the threshold of income tax liability, the so-called working poor are still subject to payroll taxes that fund Social Security and Medicare.
President Barack Obama has called for tax hikes on the wealthiest Americans so they pay their “fair share.”
According to the IRS figures, the top 2 percent of Oklahoma filers — those with adjusted gross income above $200,000 — earned about 23 percent of the income in the state and owed 44 percent of the federal income taxes. Those with incomes above $100,000 accounted for about 43 percent of the income and paid 68 percent of the taxes.
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