Posted on 07/17/2012 10:28:29 AM PDT by Why So Serious
According to the BLS using the 2006 and 2009 tax tables. In 2009 people making $100k or more earned 48.12% of the taxable income and paid 74.68% of the income tax. People making $99,999 or less earned 51.88% of all taxable dollars and paid 25.33% of the income tax collected. That sounds like it is already beyond fair for those making less than $100k.
Now let's look at 2006 ... in 2006 people earning more than $100k earned 50.63% of every dollar earned and paid 73.63% of all income taxes paid. In 2006 the people earning $100k and less you earned 49.38% of all dollars earned and paid 26.37% of all income tax.
Summary ... 2006 earners of $100k or more made 50.63% and paid 73.63%, versus 2009 earners of $100k or more made 48.12% and paid 74.63% [earnings drop but they still paid a bigger % of the taxes]
2006 earners of less than $100k made 49.38% and paid 26.37, versus 2009 when they made 51.61% and paid 25.33% [their income went up as a % and their taxes fell as a %]
Does that seem fair?
All your money are belong to us!
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