- The top 1% of households earned 15% of income but paid 35% of federal income taxes.
- The top 20% of households earned 52% of income but paid 69% in federal income taxes.
- The bottom 20% of households income tax rates dropped from 9% to 1.9% since 1984.
- 40% of households get more than half their income from federal transfer programs.
- 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.
3 comments:
Makes a reasonable person sick. Makes a liberal jump for joy.
A pox on all liberal houses.
Fredd: I wonder what it does for the low information voter.
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
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