The real story about taxes

Since taxes are starting to become newsworthy because of Trump's tax plan, it might be a good time to take a look at some facts. According to the Tax Foundation (non-partisan) in 2016,
The top 1 percent paid a greater share of individual income taxes (39.5 percent) than the bottom 90 percent combined (29.1 percent).
The top 1 percent of taxpayers paid a 27.1 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
The top 10 percent of income earners paid a whopping 71 percent of all federal income taxes.
Think about that the next time you hear the mantra about the rich needing to "pay their fair share".

Comments

Popular posts from this blog

FIREFOX / IE Word-Wrap, Word-Break, TABLES FIX

Some observations on Script Callbacks, "AJAX", "ATLAS" "AHAB" and where it's all going.

IE7 - Vista: "Internet Explorer has stopped Working"