Don't Be Shocked, But The Wealthy Aren't Paying Their Fair Share


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]


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