Posted on 06/14/2016 4:48:14 AM PDT by Renkluaf
CBO study shows that the rich dont just pay a fair share of federal taxes, they pay almost everybodys share
(Excerpt) Read more at aei.org ...
Plank #2 of Karl Marx’s Communist Manifesto: A heavily graduated income tax.
Thanks for the post.
So, the "maldistribution" of taxes, in large measure reflects the maldistribution of income. The distortion of the lower numbers by government transfer of income is another symptom of the problem.
I had occasion to revisit my income tax returns from the mid 60s when I was making far less than 5K a year. I paid a decent amount of income tax. I believe the 15% rate started at an AGI of about $700. Albeit less percentage than now, the SS tax was also paid without any earned income tax credit which was just a dream of the far left.
Considering the income tax is an affront to our Constitutional Rights to begin....
Regardless, the few that forwarded a repeal of the 16th or the like were branded ‘kooks’; too many now wish to amend/tweak, regardless the damage it continues to do to our economy and Republic.
And your chart does not reflect gov’t transfer payments.
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