Friday, April 15, 2005

Another tax myth

Every 4 years or so, some liberal goes on television saying how the rich don't pay their fair share of the taxes, the burden falls on the poor, and the Republicans want a tax cut for the eternally evil 'wealthiest 1%'.

Well, that's all a bunch of crap, and I've got the official numbers to prove it.

For those of you who don't feel like poring over a spreadsheet from the IRS, here's the gist of it:

The wealthiest 50% of Americans pay 96.03% of all income taxes.

The wealthiest 10% of Americans pay 64.89%.

The wealthiest 5% pay over HALF of all income taxes, at 53.25%.

The infamous 'wealthiest 1%' pay over a THIRD of all income taxes, at a rate of 33.89%.


The vast majority of 'poor' people in this country don't pay any income tax at all. So the next time someone says the rich people get all the tax cuts, tell them that it's because they pay all the taxes.

And the next time someone says that the poor people in America are poor because they pay all the taxes, and the rich people stay rich because they don't pay any taxes, punch them in the face.

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