Friday, May 15, 2009

Who Pays Income Tax?

Looks like some new numbers are out, and it's even more lopsided than before:

The U.S. tax system is highly progressive. The top 1 percent of income earners paid 40 percent of all federal income taxes in 2006, while the bottom 50 percent paid 3 percent. Further, 32 percent of all tax returns with positive adjusted gross income, 43 million total, filed in 2006 were from people who paid no federal income tax at all.

Percent of Federal Individual Income Tax Paid in 2006

Income Tax Paid

But hey, what's a little socialism among friends fellow taxpayers?

Seriously, though, don't let the Left get away with their typical lies about who pays taxes. And, remember the tipping point...

There's my two cents.

No comments: