Thursday, July 12, 2012

The Rich Pay More Than Their Fair Share

It would be nice if everyone understood the most basic of facts concerning who pays the most taxes so when a band of charlatans come along, as seems to be a constant occurrence, telling us the rich don't pay their fair share that we automatically recognize what a pathetic lie this is because we already realize the top 1 percent of taxpayers earn 17 percent of national income and pay 37 percent of the federal taxes, the top 10 percent make 43 percent of the income and pay 70.5 percent of the taxes while the bottom 50 percent pay a paltry 2.3 percent of taxes. cjpost

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