Hopefully we'll hear these statistics from an annual IRS report cited frequently during the 2012 campaign season. These shocking numbers emphasize the vast divide of income disparity between the 1 percent and the 99% of Americans:
In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That’s the same federal tax rate as a single worker who made $61,500 in 2009.
Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.
Let’s return for a moment to the single worker who made $61,500 in 2009 and paid 15 percent of his salary in federal income taxes. The top 400 made more every three hours than he did in a year, and yet many of them paid the same or a lower tax rate, according to the data in the report.
Why would anyone vote for a candidate who would continue to favor only a very small portion of Americans? Surely there are Republicans out there who fall into this income bracket, and they can't all be sadomasochists... can they?
[Via The National Memo]