“Anybody know what percent of total income earned per year is earned by the those who pay 5% of total taxes paid on?”
That’s a VERY good question, and one the republican Congress would rather not have answered.
Still, it’s important to know that those over $135k pay 94.8% of ALL INCOME TAXES. And the number is certain, certain to go up as their deductions and exemptions are stricken from this plan.
As for those who are whining about “subsidizing” CA, NY, NJ and IL...they are exposing their stupidity. They are NOT subsidizing anyone or anything.
BECAUSE THEY PAY NO INCOME TAXES!!!!!!!!! Or, very, very small amounts of income taxes.
They just take PLEASURE at somebody who lives in one of these states having to feel the pain of paying more, so THEY themselves can enjoy the largess of the Federal Government.
Despicable Social Justice Warriors.
Top 1% have from 19 to 42% of total income in U.S. looked it up.