After frequently hearing some politicians say that the rich don't pay their fair share, most Americans are quite surprised to learn that:
The top 1% of income earners
pay 39% of all federal income taxes
The top 10% of income earners
pay 70% of all federal income taxes
The top 50% of income earners
pay 97% of all federal income taxes
The bottom 50% of income earners
pay only 3% of all federal income taxes
Source:
Internal Revenue Service
Federal Individual Income Tax Date, 2005
(updated October 2007)
pay 39% of all federal income taxes
The top 10% of income earners
pay 70% of all federal income taxes
The top 50% of income earners
pay 97% of all federal income taxes
The bottom 50% of income earners
pay only 3% of all federal income taxes
Source:
Internal Revenue Service
Federal Individual Income Tax Date, 2005
(updated October 2007)
John Eidson is a white conservative who takes great pleasure in black success. In addition to postings on YourBlackPolitics, he also contributes money-saving ideas to YourBlackMoney.
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