A real estate purchase contract is required by a law in every state called the statute of frauds. Real estate purchase contracts must be in writing according to the statute of frauds. This rule also applies to a lease purchase agreement contract. By putting a land purchase contract or lease purchase contract in writing, there are less chances of fraud, mistake, and other problems in the chain of title.
Roberton Williams , Contributor. The percentage of Americans who pay no federal income tax is falling, thanks to an improving economy and the expiration of temporary Great Recession-era tax cuts. In 2009, the Tax Policy Center estimated that 47 percent of households paid no federal income tax. This year, just 43 percent will avoid the tax.
Andrew Lundeen. The top 1 percent of taxpayers pay more in federal income taxes than the bottom 90 percent. As you can see in the chart below, this is a stark change from the 1980s and early 1990s. But since the early 1980s, the share of taxes paid by the bottom 90 percent has steadily declined.In 1980, the bottom 90 percent of taxpayers paid 50.72 percent of income taxes. In 2011 (the most recent year the data is available), the bottom 90 percent paid 31.74 percent of taxes.On the flip side, the top 1 percent paid 19.05 percent of taxes in 1980 and now pay 35.06 percent of taxes.An interesting piece of information from the chart below is that after the 01/03 Bush tax cuts, often claimed to be a tax cut for the rich, the tax burden of the top 1 percent actually increased significantly.ut since the early 1980s, the share of taxes paid by the bottom 90 percent has steadily declined. In 1980, the bottom 90 percent of taxpayers paid 50.72 percent of income taxes. In 2011 (the most recent year the data is available), the bottom 90 percent paid 31.74 percent of taxes.