The right wing rag I got my figures from was the IRS:
Progressivity and the Tax Burden
Our tax system, however, is highly progressive, meaning that as one's income rises, a higher proportion of that income is taxed. Thus, those in the highest tax brackets contribute more to the overall tax burden even though there are far more people in lower tax brackets.1
- According to data from the IRS, the bottom 50 percent of income earners pay approximately 4 percent of income taxes.
- The top 25 percent of income earners pay nearly 83 percent of the income tax burden, and the top 10 percent pay 65 percent.
- The top 1 percent of income earners pay almost 35 percent of all income taxes.
The bottom 50% referred to above includes the middle class.
The $6 billion figure came from one of your own posters down in a lower thread...from the tax institute who evaluated O's plan, and the fact that it would add about a trillion (literally) dollars to the deficit. You can scroll down and find it yourself.
Yes, $250,000 in INCOME. That is a small business owner's PAYCHECK. That is what is left after they have paid all their small business operation bills, and he wants to RAISE the taxes on what they have left. It HURTS small businesses. IF they work hard, pay their people, keep their jobs on shore, what do they get for it? After paying whatever business taxes they have to pay, he wants to tax their bottom line AGAIN. In my opinion...that sucks.
Don't have time to run through the whole rant right now. More later. |
