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| *Loan,banking and credit>>>income tax |
Anyone know how much the rich (upper 1%) pay as a proportion of personal federal income taxes? Is it fair? |
Regarding the tax question earlier: The upper 1 % of wageearners/taxpayers pay approx. 35% (that's right, check the IRS stats) of personal federal income taxes, and the upper 5% pay approx. 55% of those taxes. For those of you who don't know any better, wealth is created and is not finite. Because one has it, it does not mean that it came from someone else. Stop being envious of the rich and crying about how much the middle class pays. The bottom 50% of taxpayers pay less than 5% (approx. 4%) of all personal federal income taxes. If that is news to anyone reading this, then you need to be better informed. you are getting some great answers here. yes did know that and though the richer people will get more money in their pockets the average person will get a greater percantage of it. facts are alot harder to argue againtist. Rubbish!! You are an idiot. first off, DUH! secondly ... wow what a temper... are you really that much better then the rest of us that you feel like you can treat us with such animosity? Even if we had a flat 10% income tax, the wealthiest among us would be paying a higher percentage of the total (Duh!). It's not that people are jealous of the wealthy, it's that someone who only makes 20,000 a year can't afford to pay $1000 of it into taxes. Get your nose out of your tax books, and spend some time with some actual people who have to work hard for what little they have. Try volunteering somewhere. Maybe then you'll have a clue. You sound like my MIL. "Oh, no! I only make $120,000 a year! How am I ever going to afford to live?" Modified 1 year ago "Because one has it, it does not mean that it came from someone else." I'm pretty sure you are in the minority of people - economists included - who believe this. And there is plenty of proof out there that the gap between the rich and poor, both nationally, and internationally, is growing considerably. And the rate of growth is also accelerating. But about taxes, yes, you are right on the money about that. Rich do pay a bigger percentage. And they spend lots of money lowering this number, getting tax breaks from Congress. It's like the tides. But for the most part, they are forced to pay a fair share. |
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