Fair Share of Taxes.

  1. 0
    JaxsonRaineposted 4 years ago

    Percent of income earned by quintile:
    Lowest quintile: 5.1 percent
    Middle quintile: 14.7 percent
    Highest quintile: 50.8 percent

    Percent of federal taxes paid by quintile:
    Lowest quintile: 0.3 percent
    Middle quintile: 9.4 percent
    Highest quintile: 67.9 percent


    The top 20% of Americans are the only ones who pay a larger percentage of their income into taxes than their share of total income. In other words, the only ones putting more than their fair share back in.


    1. undermyhat profile image61
      undermyhatposted 4 years ago in reply to this

      And that was a direct consequence of the evil and despicable Bush "tax cuts" ( readopted by Obama and not over turned by a Democrat majority Congress which was their right since one Congress cannot be bound by the actions of another Congress)

      It also shows that the Federal government could confiscate the entire wealth of the top 1% and run out of money in far less than a year.  Once all the wealth is confiscated from one group it is gone.  Is that the kind of government advocated by Democrats and their crazy,cop car pooping Occupy This and That allies? It sure sounds like it every time Obama speaks.

  2. JSChams profile image60
    JSChamsposted 4 years ago