Sunday, August 12, 2012

Do the rich pay their fair share?

Do the rich pay their fair share? « Hot Air:


  1. In 2009, the top 20% of earners brought in an income about 10 times that of the bottom 20% of earners. However, they paid about 221 times as much in taxes.
  2. Breaking down the top one percent of earners is even worse for the liberal argument. To wit: The top one percent of earners made about 50 times as much money as the bottom quintile in 2009, but paid about 1,500 times as much in taxes.
Let me repeat this: in 2009 the top one percent paid about 1,500 times as much in taxes as the average in the bottom twenty percent. So now the question arises: what is the fair share the wealthy should pay? Is 40% of their income going to the federal government enough? How about half? Does it matter that the 50% or so of Americans who pay little or no non-retirement income taxes basically get a free ride when it comes to federal roads, immigration control, etc. –on the backs of the wealthy?

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