Rich Paying Their Fair Share And More

Sheesh, more facts get in the way of Obama’s dependence on raising taxes on “the rich” (has he sent a check to the IRS yet?)

(The Blaze) How will households at different income levels pay federal income, payroll, corporate and estate taxes for 2013?

Despite claims that those at the top aren’t paying their “fair share,” the Tax Policy Center reports that the often-maligned “1%” will have an average income of $1.4 million, paying $514,144 in taxes. They’ll foot over 30 percent of the total bill.

The top 20 percent of Americans, meanwhile, will pay nearly 72 percent of the federal tax burden.

Said top 20% have an average income of $204,490, right in the wheelhouse of where Obama and the Donkeys want to increase the tax rate. The middle 20%, with an average income of $46,562, pays 8.6% of the federal burden (this data comes from an AP report).

Yet, Liberals will continue to call for raising taxes on “the rich”. Why? These facts have been roughly the same since those “Bush tax cuts for the rich”. PINO Obama got his tax increase on those making $400k single/$450 joint. He now wants all sorts of taxes out of removing deductions (as he calls them, loopholes, the same things he used himself on his tax returns). He wants to change the capital gains tax to nail “the rich” more. What will this accomplish?

What it looks like is that Rich Democrats have created a way to gin up anger amongst their bat guano insane base to deflect from how damaging Democrat economic policies are.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

Also see...

Related Articles

0

Readers Choice of My Top Fifteen Posts (on The Lid) For 2010

FacebookTwitterEmail Since it the end of the year many of my favorite bloggers are making their choice of their favorite

9

Crook County Illinois: Fake State Rep Casts Deciding Vote to Raise Our Taxes

FacebookTwitterEmail She didn’t know anything about the bill. She never read it. She hadn’t been given any cheat sheets, facts

44

Obama’s New EPA Rules Would Destroy Our Energy Sector

FacebookTwitterEmail Half of America’s energy comes from coal-fired power plants but Obama’s new EPA rules would about destroy the coal

Share This

Share this post with your friends!