Tax Burden of Top 1% Now Exceeds That of Bottom 95%

They must be proud of how far we’ve come in demonizing the rich! We hear our politicians talk about the rich and how they aren’t paying their fair share.

According to newly released data from the IRS

To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.

Some in Washington say the tax system is still not progressive enough. However, the recent IRS data bolsters the findings of an OECD study released last year showing that the U.S.—not France or Sweden—has the most progressive income tax system among OECD nations. We rely more heavily on the top 10 percent of taxpayers than does any nation and our poor people have the lowest tax burden of those in any nation.

Isn’t the top 1% that contribute to thepoliticians in the first place? Doesn’t appear they’re getting a good ROI.

Hat tip to Instapundit

2 Responses to “Tax Burden of Top 1% Now Exceeds That of Bottom 95%”

  1. As an American it should make us bow our heads in shame, getting our government to steal from our fellow citizens in order that we might obtain that which we either shouldn’t obtain or which we could have obtained on our own. This is what we get for throwing the 10 commandments in the trash.

  2. “From each according to his ability, to each according to his need ”

    Karl Marx

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