The truly wealthy don’t have earned income - it’s all investment income, most of which is tax-sheltered through qualified retirement plans, deferred compensation, life insurance trusts and annuities.
The bulk of income taxes are paid by small business owners and salaried employees, with the top 20% of earners paying 85% of the total. Hillary’s people are those in the bottom 50% - those who benefit from government spending far more than they pay.
Hiliary’s people would include us government workers, or at least 80% of us. The public employees unions are a major arm of the Democratic Party.
Yes. And we are approaching the tipping point in the US of A, because 2002 data shows that the top 1% in Adjusted Gross Income accounted for 33.7% of personal income tax receipts (federal), the top 5% accounted for 53.8%, and the bottong 50% of AGI paid only 3.6%.
If and when we get to the point where more than half of voters have little or no federal income tax liability, we are in serious economic trouble.
Critics would point out, though, that the above numbers don’t count social security and Medicaid taxes, which is true, but the data does show that the so called rich (per AGI) are paying plenty already.