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The rich pay majority of U.S. income taxes
CNNMoney ^ | March 13, 2013 | Steve Hargreaves

Posted on 03/13/2013 6:38:44 PM PDT by Pharmboy

Edited on 03/14/2013 5:22:08 AM PDT by Admin Moderator. [history]

Put down your pitchforks. The wealthiest 10% pay a big majority of federal income taxes. Pick up your pitchforks. The story is more complicated than that.

Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States. What's more, their share of the tax burden is increasing.


(Excerpt) Read more at money.cnn.com ...


TOPICS: Constitution/Conservatism; Culture/Society; Extended News; Government
KEYWORDS: fairshare; taxes
Latest numbers...from 2010.
1 posted on 03/13/2013 6:38:44 PM PDT by Pharmboy
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To: Pharmboy

Only in America can the top 10% who pay 70% of all income taxes be accused of not paying their fair share by people who pay nothing....


2 posted on 03/13/2013 6:42:16 PM PDT by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: Pharmboy

The chart exposes the current DummyRat lie.


3 posted on 03/13/2013 6:42:57 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: SandRat; Tzimisce

Yes...the chart is quite an eye-opener; and TZ-—you really cannot make this stuff up.


4 posted on 03/13/2013 6:47:28 PM PDT by Pharmboy (Democrats lie because they must.)
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To: Tzimisce

The federal income tax is just another failed government program. Time to get rid of it. No fooling around at the margins either.


5 posted on 03/13/2013 7:17:04 PM PDT by muawiyah
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To: Pharmboy

Flat tax rate. No deductions. No exemptions.

The “rich” would always pay more, because 10% of 100K is always going to be more than 10% of 10K.
The “poor” would start to learn that votes matter.
And that government does not provide anything for “free”.

But we would all have an equal appreciation of the role of government, and the price we all pay daily for it.

We would all be better off, as individuals.


6 posted on 03/13/2013 7:22:14 PM PDT by sarasmom (The obvious takes longer to discover for the obtuse.)
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To: Pharmboy

I’m not rich, not even in the top 10%, but I do OK. I’m filling out my taxes now and I can already see that I am paying a HUGE amount of money to a worthless corrupt government. And despite 0bama’s lies, I am paying A LOT more this year than last year.


7 posted on 03/13/2013 7:37:12 PM PDT by henkster (I have one more cow than my neighbor. I am a kulak.)
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To: Pharmboy
2010..so, these numbers are higher today?
8 posted on 03/13/2013 7:53:24 PM PDT by stylin19a (obama - Fredo smart)
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To: Pharmboy

The graph I want to see is the one that shows the percentage of total (reported) income that the top 10% earns, compared to their percentage of total income taxes paid each year. Are the “rich” paying more or less tax compered to their income.


9 posted on 03/13/2013 8:05:26 PM PDT by gatechie
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To: Pharmboy

Looks like the “rich” are paying less of the burden under Obama than they did under Bush. That might make a liberal’s empty head explode, but it would still be Bush’s fault.


10 posted on 03/13/2013 8:15:04 PM PDT by cdcdawg
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To: Pharmboy

seems fair to me considering most of them didn’t earn that money, stole it thru unfair business practices or taking advantage of employees, are giving massive kickbacks and under the table deals to scum politicians in DC that got us into this mess, and as we saw in 08 will do whatever they need to preserve and increase their wealth at the expense of others (screwing regular joe stockholders/accepting gov. bailouts). So yeah, here is a conservative who says “tax the wealthy”.


11 posted on 03/13/2013 8:18:07 PM PDT by Deathtomarxists (qucker fivepenny nine and two leaves down the plug bucket)
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To: Pharmboy

And under the hated Bush tax cuts the rich ended up paying a greater percentage of all taxes than before - more than their fair share.........


12 posted on 03/13/2013 8:46:36 PM PDT by Intolerant in NJ
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Pharmboy.


13 posted on 03/13/2013 8:46:43 PM PDT by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: gatechie
This should help.
14 posted on 03/13/2013 8:58:38 PM PDT by Pharmboy (Democrats lie because they must.)
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To: Deathtomarxists

Sounds to me that you got lost and wandered over here from somewhere else. I’ve never heard anyone who was a conservative sound like a communist. Help me out: do Stalinists have a problem with Leninists, or vice versa? And do Trotskyites hate Marxists?


15 posted on 03/13/2013 9:02:24 PM PDT by Pharmboy (Democrats lie because they must.)
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To: stylin19a

well, I’ll bet they jump in 2013; 2012 is probably about the same.


16 posted on 03/13/2013 9:03:39 PM PDT by Pharmboy (Democrats lie because they must.)
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To: Deathtomarxists

You’re not a conservative. Just another class warrior, who thinks anybody who’s ever made money must be a crook.


17 posted on 03/13/2013 9:08:49 PM PDT by mindburglar (It must be noon, because I'm drunk somewhere.)
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To: Pharmboy

Yet, few will pay attention to it.


18 posted on 03/13/2013 9:59:15 PM PDT by 353FMG ( I refuse to specify whether I am serious or sarcastic -- I respect FReepers too much.)
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To: Pharmboy

One of the reasons I hoped for Herman Cain’s success was to get away from the demagoguery of the income/payroll tax debate.
The fact is that individual income taxes were not even half the federal taxes collected in 2010.

$898.5 billion collected in individual income taxes
$864.8 billion collected in payroll taxes
$191.4 billion in corporate income taxes
$141 billion in other taxes
$66.9 billion in excise taxes


19 posted on 03/13/2013 10:10:53 PM PDT by Gunslingr3
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To: sarasmom
Flat tax rate. No deductions. No exemptions.

Already exists, we just call them payroll taxes. For the vast majority that don't make over $100K annually they are flat with no deductions and no exemptions.

Conservatives shouldn't ignore this.

20 posted on 03/13/2013 10:13:13 PM PDT by Gunslingr3
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To: Deathtomarxists
seems fair to me considering most of them didn’t earn that money, stole it thru unfair business practices or taking advantage of employees, are giving massive kickbacks and under the table deals to scum politicians in DC that got us into this mess, and as we saw in 08 will do whatever they need to preserve and increase their wealth at the expense of others (screwing regular joe stockholders/accepting gov. bailouts). So yeah, here is a conservative who says “tax the wealthy”.

Conservative? I think not!

21 posted on 03/13/2013 10:45:25 PM PDT by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: sarasmom

Just foolin’ around at the margins.


22 posted on 03/14/2013 2:38:05 AM PDT by muawiyah
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To: Pharmboy
Some of them are just coupon clippers ~ they do NOTHING at all to earn a living ~ just like welfare mothers!

You're not likely to see that comparison in commie literature.

23 posted on 03/14/2013 2:40:06 AM PDT by muawiyah
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To: Gunslingr3

The article, and the vast majority of discussion about taxes, talks only about federal income tax. As if discussing one of many taxes tells us much of anything about the tax burden borne by different income groups.

Such discussions should include payroll taxes, state and local income taxes, property and sales taxes, etc.

When those are all included and broken out by income, then we can at least have an intelligent discussion about whether “the wealthy” are being over or under taxed compared to the less well-off. Not before.


24 posted on 03/14/2013 2:44:13 AM PDT by Sherman Logan
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To: Deathtomarxists
So yeah, here is a conservative who says “tax the wealthy”.

Did you just get out of an OWS 99% education camp? If your name is "Deathtomarxists" I would think you would have killed yourself already.

25 posted on 03/14/2013 2:45:56 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Sherman Logan
When factoring in state and local taxes, the top 10% pay just under half the tab. And when calculating tax burden as a percent of income, the tax code is even less progressive. The top 10% paid an average of 30% of their income in local, state, and federal taxes in 2011, said McIntyre. That's not much different than the 25% percent paid by the middle class.

Just living up to the FR tradition of responding before reading the article.

26 posted on 03/14/2013 2:47:14 AM PDT by Sherman Logan
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To: Sherman Logan

More than a tradition ~ A WAY OF LIFE!


27 posted on 03/14/2013 6:36:45 AM PDT by muawiyah
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To: Sherman Logan
Such discussions should include payroll taxes, state and local income taxes, property and sales taxes, etc.

I think you can't really dig that deep into it. Feds aren't involved in property and sales taxes. Do the Feds still allow deduction of state income tax expense (I live in FL, so it is moot for me)?

I'd really like to see the breakdown of federal tax burden including payroll and income taxes. I'm sure it is still progressive, but the GOP could get at some of that '47%' if they could offer to cut their taxes too, and too many pretend they're not paying any taxes when that isn't true (recall the frustration when payroll taxes went back up at the start of the year?).

28 posted on 03/14/2013 7:09:56 AM PDT by Gunslingr3
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To: Deathtomarxists

Load of crap


29 posted on 03/14/2013 7:29:25 AM PDT by mnehring
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To: Deathtomarxists

I am “wealthy” by Obamas standards. In went to school/training for 11 years AFTER high school. I just worked a 16 hour day yesterday. I work weekends, holidays, nights, kids soccer games, etc all for compensation that is less than some other professionals (who work 8 hour days and no holidays make”. I pay huge taxes and the government is shrinking my compensation daily. I have kids in college with no financial aid not even a tuition write of on taxes because I am wealthy. I have never “ screwed” anyone in my life, but I have hired several and paid them well. In addition I support friends and neighbors in need. I respectfully submit that you can shut up until you know what you are talking about. And in retribution I sincerely wish fit you to pay tax at mt rate for even one year.

Last year I paid over 100,000 in taxes and I make way less than even 1/2 way to 7 figures with income combined with my husbands who also works the same hours. You are an ignorant fool and a menace, and one of the
folks benefiting from the the sweat of my brow if I had to guess. go tax yourself.


30 posted on 03/14/2013 7:42:56 AM PDT by Mom MD (A million people attended Obamas inauguration. 14 of them actually missed work)
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To: Deathtomarxists
seems fair to me considering most of them didn’t earn that money, stole it thru unfair business practices or taking advantage of employees, are giving massive kickbacks and under the table deals to scum politicians in DC that got us into this mess, and as we saw in 08 will do whatever they need to preserve and increase their wealth at the expense of others (screwing regular joe stockholders/accepting gov. bailouts). So yeah, here is a conservative who says “tax the wealthy”.

Please go eff yourself. You are a true POS.

I'm not rich by any means. I've worked hard my whole life and have been able to make a decent living. While jerks like you might be lounging around, I'm at work. In 2012 I had over $35k withheld fro my pay for Federal income tax. My wife had a slightly smaller amount withheld from hers. Where in the h3ll do you get off thinking that I should pay more? How about you pull your head out of your a$$ for a second so I can put my boot there.

31 posted on 03/14/2013 9:16:01 AM PDT by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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