auditor0007
Gold Member
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it would go something like this...
No one pays 59% tax on income.
I thought he was talking about the percentage of the total federal taxes paid; I wouldn't be surprised if the top 10% are paying at least 60% of the tax revenues.
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Kiplinger.com
Speaking only about income taxes, it appears the top 10% pay 70% of income taxes while the bottom 50% pay about 3%. So, talking only about income taxes, this beer story doesn't quite fit with the real world.
Of course, that's strictly speaking about just income taxes, and there are many more taxes we all pay. I'm looking for a site that shows combined totals for all income levels.
Why is it that Conservatives only show us less than half of the tax equation? Income taxes don't even account for one half of all federal taxes. When you include all forms of federal taxes, those numbers change drastically and show the real picture. In many cases, they top 1% are paying a much smaller percentage than most people in the middle class.