Originally Posted by matclone  I dont' have time to wade through this, but maybe data can be found here.
http://www.irs.gov/taxstats/indtaxst...=96981,00.html
The table shown above (if accurate) is somewhat misleading. It shows only a slice of the tax picture (federal income taxes)--no state, property, sales, Social Security, or tax-exempt income shown. No capital accruement shown. It also doesn't show us anything about a taxpayer's ability to pay, for example, what portion of his income goes to taxes. A progressive tax system is designed so that those who can pay more, do. I think that's fair. |
There is NOTHING "fair" about this
The top 0.1% of taxpayers by income pay 17.4% of federal income taxes (earning 9.1% of the income)
The top 1% with gross income of $328,049 or more pay 36.9% (earning 19% of income)
The top 5% with gross income of $137,056 or more pay 57.1% (earning 33.4% of income)
The bottom 50% with gross income of $30,122 or less pay 3.3% (earning 13.4% of income)