The Rich Don’t Pay Their Fair Share

REALLY? This is the constant mantra of Barrack Obama who has managed to brainwash the public into believing it is so. If you want to debate the issue then you need to look up the effects of the LAFFER CURVE. Class warfare is divisive politics as it seeks to pit the rich against the poor. IT IS ENVY POLITICS. This by a President who was supposed to be the Great Unifyer.

 

IJReview reports:

We’ve heard it for six years or more: The “rich” don’t pay their “fair share” of federal taxes, while the middle class continues to bear the burden. A new Associated Press-GfK poll found that 68% of Americans agree.

Sixty percent said middle-class earners pay too much in federal taxes, while 7 percent say they didn’t pay enough. The question is, are they right?

As determined by the Congressional Joint Committee on Taxes and reported by the Wall Street Journal, taxpayers with income in excess of $100,000 earn 60 percent of the nation’s income and pay 95.2 percent of federal taxes. But how much more should they pay to make it “fair”?

Here’s a breakdown from the Tax Foundation of percentage of income earned contrasted with percentage of federal taxes paid:

Distribution of Federal Taxes in 2014

As reported by the Heritage Foundation, in 2011, the top 10 percent of income earners paid 68 percent of all federal income taxes while earning 45 percent of all income. The bottom 50 percent paid 3 percent of income taxes while earning 12 percent of total income.

To be sure, those who make more should pay more. And they do. By a wide margin. But one more time, how much is enough?

To paraphrase an old axiom: a government that robs Peter to pay Paul can always depend on the support of Paul. So it goes with polls.

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