Truth in Tax Paying…

I have a ton of liberal friends. I really have been enjoying their flames about the evil rich and wealthy not paying their fair share of taxes and the cold-hearted Republicans and Tea Party folks who want to defund NPR and Planned Parenthood.

Rather than just buying into whatever posts my Lib friends on Twitter and Facebook were posting, I decided to do a little research about this “elite 1%” of Americans that eat newborn children for breakfast… There wasn’t much research that needed to be done. It’s a pretty simple check: How much does the top 1% earn as a portion of the total USA income? How much does the top 1% pay as a portion of the total USA Federal taxes?

Finally something that Congress has done a good job with! Their 2009 paper on taxes between 1979 to 2006! Congress summed it up pretty well:

“… the highest quintile earned 55.7 percent of pretax income and paid 69.3 percent of federal taxes, while the top 1 percent of households earned 18.8 percent of income and paid 28.3 percent of taxes. In all other quintiles, the share of federal taxes was less than the income share.”

Hmmm… Interesting…


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