new data from the US Treasury. In 2005 the 'richest 1 %" in this country paid 39.5% of all the income taxes in collected.
The richest 5% paid almost 60% and the richest 10% paid over 70%!
Now for comparison, the richest 1% is defined as those earning over $350,000. The richest 1% earned 22.7% of all income earned.
Wait, did I just hear that they make 22.7% of the income but pay 40% of all the income taxes? Surley that cant be right! Bush gave them all a huge tax cut, didn't he?
The top 5% earn around $175,000
Want to know how much the lowest 50% pay in income taxes. this is everyone below the median income level of $50,000. A whopping 3%!!!
I thought Bush was screwing the poor. Giving all the tax cuts to the rich. The rich pay more tax now than ever before!
want to see the economy die? Take away the tax cuts for the rich!
new data from the US Treasury. In 2005 the 'richest 1 %" in this country paid 39.5% of all the income taxes in collected.
The richest 5% paid almost 60% and the richest 10% paid over 70%!
Now for comparison, the richest 1% is defined as those earning over $350,000. The richest 1% earned 22.7% of all income earned.
Wait, did I just hear that they make 22.7% of the income but pay 40% of all the income taxes? Surley that cant be right! Bush gave them all a huge tax cut, didn't he?
The top 5% earn around $175,000
Want to know how much the lowest 50% pay in income taxes. this is everyone below the median income level of $50,000. A whopping 3%!!!
I thought Bush was screwing the poor. Giving all the tax cuts to the rich. The rich pay more tax now than ever before!
want to see the economy die? Take away the tax cuts for the rich!
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