Friday, August 6, 2010

Why The Rich ARE Paying More Than Their Fair Share...

The top 5% of wage earners pay 60.6% of federal income taxes, while earning 37% of adjusted gross income.

The top 10% pay 71.2% of income taxes, while earning 48% of adjusted gross income.

The bottom 50% of income earners pay only 2.9% of federal income taxes.

The top 1% of income earners pay 40.4% of all federal income taxes, almost twice their share of adjusted gross income.

By contrast, the bottom 95% of income earners pay 39.4% of all federal income taxes.
 

That means the TOP 1% of income earners pay MORE federal income taxes than the BOTTOM 95%!

No comments:

Post a Comment