Wednesday, July 11, 2012

Federal Tax Burden

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Wealthy Americans earn about 50 percent of all income but pay nearly 70 percent of the federal tax burden, according to the latest analysis Tuesday by the Congressional Budget Office — though the agency said the very richest have seen their share of taxes fall the last few years.

Read more at The Washington Post

Obama announced that he wants to extend the current individual income tax rates for one more year, but only for those making less than $250,000 a year. The Class Warfare continues.

2 comments:

  1. Funny how the type of person the GOP continues to dump on would keep repeating their propaganda. Is that what you consider class warfare?
    You complain the person that lives in a million dollar house on the intracoastal would only have to pay the same $60 assessment than someone that lives in a small condo but since Fux News tells you the wealthy paying higher taxes is not right you accept that? Strange

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  2. Funny that--I wouldn't expect YOU to understand what a FAIR tax is.

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