Only in America can the top 10% who pay 70% of all income taxes be accused of not paying their fair share by people who pay nothing....
The chart exposes the current DummyRat lie.
Flat tax rate. No deductions. No exemptions.
The “rich” would always pay more, because 10% of 100K is always going to be more than 10% of 10K.
The “poor” would start to learn that votes matter.
And that government does not provide anything for “free”.
But we would all have an equal appreciation of the role of government, and the price we all pay daily for it.
We would all be better off, as individuals.
I’m not rich, not even in the top 10%, but I do OK. I’m filling out my taxes now and I can already see that I am paying a HUGE amount of money to a worthless corrupt government. And despite 0bama’s lies, I am paying A LOT more this year than last year.
The graph I want to see is the one that shows the percentage of total (reported) income that the top 10% earns, compared to their percentage of total income taxes paid each year. Are the “rich” paying more or less tax compered to their income.
Looks like the “rich” are paying less of the burden under Obama than they did under Bush. That might make a liberal’s empty head explode, but it would still be Bush’s fault.
seems fair to me considering most of them didn’t earn that money, stole it thru unfair business practices or taking advantage of employees, are giving massive kickbacks and under the table deals to scum politicians in DC that got us into this mess, and as we saw in 08 will do whatever they need to preserve and increase their wealth at the expense of others (screwing regular joe stockholders/accepting gov. bailouts). So yeah, here is a conservative who says “tax the wealthy”.
And under the hated Bush tax cuts the rich ended up paying a greater percentage of all taxes than before - more than their fair share.........
One of the reasons I hoped for Herman Cain’s success was to get away from the demagoguery of the income/payroll tax debate.
The fact is that individual income taxes were not even half the federal taxes collected in 2010.
$898.5 billion collected in individual income taxes
$864.8 billion collected in payroll taxes
$191.4 billion in corporate income taxes
$141 billion in other taxes
$66.9 billion in excise taxes