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Re: Bush's tax cuts don’t work; rich pay record high, below the median pay record low!
Quote:
Originally Posted by mlmpetert
Im not sure if the source is trust worthy but..
Their Fair Share - WSJ.com
The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half. |
Anyone struck by the fact that the bottom 50% of wage earners accounted for only 12% of the income? Probably just a bunch of kids working summer jobs and lazy people who piss away their time though. I doubt it is indicative of any serious inequality or anything. Carry on.
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