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the cute stat game here is... of taxpayers
140m file tax returns ... of the 310m (340m if you count the illegals) in the country
so when they say the top 20% pay 68% of the taxes... that means about 28m people, or 8.2% of the population
it’s also a well known stat that the top 50% pay for everything, as the bottom 50% pay less then 3% of all taxes... but again, that’s of TAX FILERS
50% pay for everything...
or 70m people
or 21%
if you feel like you’re being taken advantage of... it’s because you are
Here are lots of graph from the last set of date, ending in 2007:
US Federal Taxes by Income Level 1979-2007
Until now, that was the last data that the CBO has published. The IRS has published data up to 2009, but for federal individual income tax only:
US Federal Individual Income Taxes by Income Level 2001-2009
I've written an extensive posting about this data here:
http://www.freerepublic.com/focus/f-news/2903291/posts
It will take a while before I can build similar graphs from this new data.
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The burden of taxes have been shifting more and more onto the "rich" over the past 30 years. In the past 2 years, the average tax rates for the bottom 80% of taxpayers has dropped significantly. Despite that, their SHARE of federal taxes has gone up.
In contrast, the tax rates for the top 20% have (proportionally) dropped much less, or even held steady. But, since their income has been significantly reduced, the tax revenue from that segment has been reduced as well -- and their share of federal taxes has shrunk.
This is yet another folly of depending on significant tax revenue from the "rich": their income rises and falls with the economy, much more so than everyone else. So, when times are bad, the impact on tax revenue is magnified by the dependency on the "rich".
Let’s see those numbers again after adjusting for all of the Federal aid those bottom 20 percent take. Just measuring a person’s income vs taxes is an inaccurate picture of the truth.. or just an out and out lie. When you factor in the 34,000 or so dollars a year in Federal, state, local funds and benefits, let’s look again. I am waiting, just not holding my breath.
Consider becoming a monthly donor.
It's easy, and with enough participants
we could eliminate FReepathons.
