The Rich Do Not Pay The Most Taxes, They Pay "ALL" The Taxes! (salary, regular)
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All of this "the rich pay all the taxes" stuff comes from Fox news and Rush radio.
No, it comes from the IRS and the CBO.
Again... the IRS Data on actual effective federal income tax rates:
Top 0.1%: 22.84%
Top 1%: 23.39%
Top 5%: 20.64%
And then a HUGE effective tax rate drop-off below the top 5%...
Top 5-10%: 11.98%
Top 10-25%: 8.70%
Top 25-50%: 6.01% (middle class)
Bottom 50%: 2.37% IRS Latest Federal Income Tax Data
You said above that Americans who make $100,000 a year pay a 8% federal tax rate.
I feel sorry for anyone who believes anything you say. My cousin and my best friends dad make around $100,000 a year, and they both pay 30%+ federal tax rates.
lol, that's today. When the government needs more money you will wake up to find out Democrats define you as rich. Government will always want more of your money, they WILL try to work their way down the income ladder if the people let them get away with it.
Yet, history shows us that federal tax rates have been declining for almost 60 years. The wealthy and working poor have been the primary beneficiaries.
Those with underdeveloped critical thinking skills and poor reasoning ability are susceptible to fall for that and other fallacies. Better to look at ALL of the data to get a more clear understanding of the facts. I've posted the IRS data for you to do so.
So if you use the services more than they do why is it fair that they pay more? By the way, taxation is not constitutional.
To support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of our modern income tax in that it was based on the principles of graduated, or progressive, taxation and of withholding income at the source. During the Civil War, a person earning from $600 to $10,000 per year paid tax at the rate of 3%.
16 amendment and the SCOTUS disagrees with your perception.
Perhaps you prefer the original constitution - you know, the one that permitted slave ownership and denied voting to anyone who was not a white male, paid in full landowner.
Yet, history shows us that federal tax rates have been declining for almost 60 years. The wealthy and working poor have been the primary beneficiaries.
True, mam. Also, when taxes go up, the middle class inevitably becomes the greatest percentage of contributors to the tax coffers as they are the biggest group of the three categories of taxpayers.
Again... the IRS Data on actual effective federal income tax rates:
Top 0.1%: 22.84%
Top 1%: 23.39%
Top 5%: 20.64%
And then a HUGE effective tax rate drop-off below the top 5%...
Top 5-10%: 11.98%
Top 10-25%: 8.70%
Top 25-50%: 6.01% (middle class)
Bottom 50%: 2.37% IRS Latest Federal Income Tax Data
Your not telling the truth. You said your information and link comes from the IRS, but they actually come from taxfoundation.org.
The taxfoundation.org is a corporate think tank connected to Fox news and Rush radio.
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