THE RICH WILL ALWAYS PAY MORE THAN THEIR FAIR SHARE
As the economy continues to recover, it’s likely that the top 1% of income earners will likely pay an even higher percentage share of overall income taxes than 38%. If things were fair, they would only have to pay 20% of total income taxes since 20% is their share of total income. Alas, the rich pay double what they own.
On the flip side, the bottom 50% who earn 12.75% of total earnings only pays a paltry 2.7% in total taxes. Inequality is wrong and we should treat everybody equally. The government should try to fix the imbalance by increasing the breadth of working Americans who pay taxes to 100% so that everybody pitches in. If all working Americans in the bottom 50% paid taxes, the 10% gap in what they should be paying should narrow.
With the economy suffering, It doesn’t makes sense if you are in the bottom 50% who isn’t paying their fair share of taxes based on their income share to go after the top 50%, let alone the top 1% who are paying way more than their fair share. You and I know that discrimination and bigotry is wrong. Trying to squeeze people even more when you’re not paying any taxes, or paying very little is a throwback to tyranny.
Based on the Internal Revenue Service’s 2010 database below, here’s how much the top Americans make:
Top 1%: $380,354 Top 5%: $159,619 Top 10%: $113,799 Top 25%: $67,280 Top 50%: >$33,048
4 comments:
I'm rich and I don't want to pay for any of you deadbeat losers.
P. tim
THE RICH WILL ALWAYS PAY MORE THAN THEIR FAIR SHARE
As the economy continues to recover, it’s likely that the top 1% of income earners will likely pay an even higher percentage share of overall income taxes than 38%. If things were fair, they would only have to pay 20% of total income taxes since 20% is their share of total income. Alas, the rich pay double what they own.
On the flip side, the bottom 50% who earn 12.75% of total earnings only pays a paltry 2.7% in total taxes. Inequality is wrong and we should treat everybody equally. The government should try to fix the imbalance by increasing the breadth of working Americans who pay taxes to 100% so that everybody pitches in. If all working Americans in the bottom 50% paid taxes, the 10% gap in what they should be paying should narrow.
With the economy suffering, It doesn’t makes sense if you are in the bottom 50% who isn’t paying their fair share of taxes based on their income share to go after the top 50%, let alone the top 1% who are paying way more than their fair share. You and I know that discrimination and bigotry is wrong. Trying to squeeze people even more when you’re not paying any taxes, or paying very little is a throwback to tyranny.
Based on the Internal Revenue Service’s 2010 database below, here’s how much the top Americans make:
Top 1%: $380,354
Top 5%: $159,619
Top 10%: $113,799
Top 25%: $67,280
Top 50%: >$33,048
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