I am surprised that this question, when brought by the Left, invariably put us in the defensive mode.
Why? All the data, available from IRS, strongly suggest that the opposite is true.
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I am surprised that this question, when brought by the Left, invariably put us in the defensive mode.
Why? All the data, available from IRS, strongly suggest that the opposite is true.
You need to be a member of Command Center to add comments!
Comments
There is irrefutable data available from IRS which proves that Federal taxes in our country is more progressive than Sweden.
In 2016, the bottom 50 percent of taxpayers (those with AGI below $40,078) earned 11.6 percent of total AGI. This group of taxpayers paid $43.9 billion in taxes, or roughly 3 percent of all income taxes in 2016.
In contrast, the top 1 percent of all taxpayers (taxpayers with AGI of $480,804 and above), earned 19.7 percent of all AGI in 2016, and paid 37.3 percent of all federal income taxes.
In 2016, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid roughly $538 billion, or 37.3 percent of all income taxes, while the bottom 90 percent paid about $440 billion, or 30.5 percent of all income taxes.
If you making 150k a year and taking the Standard deduction your effective Federal tax is:
Single, no kids - $32731 or 22%
Married no kids - $24685 or 16%
Married 2 kids - $ 22785 or 15%
According to IRS the average effective rate for people making 100-250k is 13%
For people making over 1 Million is 23%
Check the facts before posting your comments. Are you a Democrat?
The rich pay way too much and it is because of an extremely expanding Federal Government. I get 26k a year but what does this have to do with other facts? Since Obama seems to control the far left media whatever he does, I believe his next major move is a Federal sales tax! But it will not be directed to remove our deficit but to cripple America as most of what he does is for! Obama and the Liberals want to keep America in debt to China which we see they support by words that lift up the Communist flags all over the world! Israel was warned in the Bible never to be the tail and borrow, but be the head and the lender! While many production jobs end up in China and do not really benefit the people but their Communist Government the major media say nothing. Is it ignorance or just plain Communist brainwashing from our public schools?