LadyJazzer wrote: Taxation fairness: A situation where those who make the most money pay their fair share, and it has nothing to do with "envy", or the wish to possess the possessions or qualities of another.
The top 10% of wage earners pay 70% of all federal income tax while earning 46% of all income. The top 1% pay 38% of all income tax on 20% of all income. Please explain to me why this represents less than their "fair share" of the tax burden imposed by the federal government given the top 10% are currently bearing a tax burden 152% larger than their share of income and the top 1% are currently bearing a tax burden that represents 190% of their share of income.
Edited to add:
Overall, the citizens of the States pay an average effective tax rate of 12.24%
For the top 1% this rate is 23.27% or 186% higer than the average
For the top 5% this rate is 20.7% or 170% higher than the average
For the top 10% this rate is 18.71% or 153% higher than the average
For the bottom 50% this rate is 2.59% or 21% of the average
We currently have 50% of the income earners paying 97% of the income tax while the other 50% of income earners are paying about 3% of all income taxes. Those earning income between $33K and $113K (those above the 50% and below the 10%) annually are paying a smaller share of income taxes (27.36%) than the top 1% of income earners are (38%). How this fails to qualify as a "fair share" according to collectivists is simply beyond me.
