"I mean 35% of our wealth is owned by the 1% of the population. If you are going to be that wealthy you should have to pay a tax"
They do! To the tune of 38.02% of total income tax paid according to the IRS. The top 5% pay 58.72% according to the IRS.
The bottom 50% making less than $33K a year pay a mere 2.7% of total income tax.
This is based on 2008 IRS figures when the evil George Bush was President. Our most compassionate, class warrior President Obama surely has fixed this situation to make it more painful on the productive.
The problem with winning this argument about the rich not contributing enough is that it is a lie and the central authority collecting the taxes (IRS) is chalk full of data demonstrating that the top 50% of wage earners only have skin in the game.
I for one want to have this debate! Let the facts speak for themselves.
1 comment:
"I mean 35% of our wealth is owned by the 1% of the population. If you are going to be that wealthy you should have to pay a tax"
They do! To the tune of 38.02% of total income tax paid according to the IRS. The top 5% pay 58.72% according to the IRS.
The bottom 50% making less than $33K a year pay a mere 2.7% of total income tax.
This is based on 2008 IRS figures when the evil George Bush was President. Our most compassionate, class warrior President Obama surely has fixed this situation to make it more painful on the productive.
The problem with winning this argument about the rich not contributing enough is that it is a lie and the central authority collecting the taxes (IRS) is chalk full of data demonstrating that the top 50% of wage earners only have skin in the game.
I for one want to have this debate! Let the facts speak for themselves.
Cue the "putz" response!
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