Retirees who have the most money pay the most in taxes, according to a recent working paper, but they’re not necessarily rich.
“Most of the tax burden is carried by the top quintile of households,” Anqi Chen, co-author and assistant director of savings research at the Center for Retirement Research at Boston College, told Yahoo Money. But “it’s important to keep in mind that when we think about the top quintile of households — the top 20% — they’re not the super wealthy.”
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