In response to:

The Rich Don't Pay Enough?

Steve of CA Wrote: Aug 29, 2012 2:07 AM
"The bottom 50 percent earned 12 percent of personal income but paid just 3 percent of income tax revenues" Interesting. I thought thr GOP line was that the bottom 50 percent. presumably including many of their own supporters, pay *no* income tax.
Kenneth L. Wrote: Aug 29, 2012 7:24 AM
Steve, it's not that difficult to get the facts about issues like this. "GOP line"? Are you among the wilfully ignorant, and will that ignorance be the basis of your vote in November? This scares me. How about you follow this link and read the transcript of an NPR show about this issue? Or any number of a dozen other ready sources of this statistic?
Steve of CA Wrote: Aug 29, 2012 12:00 PM
SIEGEL: So when it comes to the federal income tax, at least, we have a progressive system. The more you make, the more you pay. The less you make, the less you pay. But we pay other taxes, most notably the federal payroll tax. How many Americans pay more in payroll tax, FICA tax, than in income tax?

Mr. WILLIAMS: If you consider both the share paid by the employee and by the employer, which most economists think is borne by the employee, about 75 to 80 percent of us pay more payroll tax than income tax. Only 13 percent don't pay either one of the taxes a far cry from the 47 percent who get out of the income tax.
Joseph64 Wrote: Aug 29, 2012 3:58 AM
That's the bottom 47 percent that pay no taxes. The federal income tax doesn't start to kick in until you get just above that point so it's the 48th to 50th percentiles that are paying the whole 3% of taxes that are collected form the bottom 50.
evie10 Wrote: Aug 29, 2012 1:18 PM
uh oh, using numbers, facts and logic - you must be arguing with a liberal - it will never work because they have no logic and no tolerance for numbers.
ScienceSquid Wrote: Aug 29, 2012 2:27 AM
well, that was quite the compelling argument. keep working it.
If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free.

Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share.

According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national personal income but...