Wednesday, November 19, 2014

Who Pays What in Taxes?

  1. The top 1% of households earned 15% of income but paid 35% of federal income taxes.
  2. The top 20% of households earned 52% of income but paid 69% in federal income taxes.
  3. The bottom 20% of households income tax rates dropped from 9% to 1.9% since 1984.
  4. 40% of households get more than half their income from federal transfer programs.
  5. When government transfers are included, 60% of Americans had net negative tax rates — meaning they received more than they paid in.
“The wealthiest Americans should be paying their fair share?”  They already pay much more than their fair share.


Fredd said...

Makes a reasonable person sick. Makes a liberal jump for joy.

A pox on all liberal houses.

Joe said...

Fredd: I wonder what it does for the low information voter.

Fredd said...

Most low info types benefit from a progressive tax system. Low info types typically get a large portion of their income from their neighbors through government transfer programs.

And they like it that way