Fair Share: Bottom 50% and Top 0.001% Contribute Same Total
“The rich must start paying their fair share!” bark Democrats. That would mean a big tax cut, because the share they pay now is far from fair. Considering data from 2016 individual returns,
The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.
The bottom 50% of wage earners paid 3% of income taxes. So did the top 0.001% of wage earners.
Yet there is still income inequality, so we must raise taxes still farther. How high is high enough for Democrats? Let’s ask the father of the Moonbat Messiah:
The dreams of Obama’s father are more alive than ever in a Democrat Party dominated by socialists like Bernie Sanders and Elizabeth Warren.
On a tip from 1-Bodhisattva.
The post Fair Share: Bottom 50% and Top 0.001% Contribute Same Total appeared first on Moonbattery.
Source: https://moonbattery.com/fair-share-bottom-50-and-top-0-001-contribute-same-total/
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