OgBlog.net

OgBlog.net

LET’S TAX THE RICH, HE SUGGESTED…..

Well, it’s always worked before, right?

Not to speak of the fact that the top 50% of taxpayers are ALREADY paying 97% of the income taxes being collected by the IRS.

And if we want to talk about the truly rich….

.....the top 1% ($388,806.00 or more income annually) are earning 21% of the national income, but paying 39% of the income taxes.  Notice that their share of the taxes is almost twice as high as their share of income earned in the U.S.

If we are going to “tax the rich”, just how high should taxes on that 1% of our citizenry actually be?

Does anyone remember what was happening in the 1970s, when marginal tax rates on “the rich” were markedly higher than now?  When Jimmy Carter was President, and he and the Democrat Congress were really punishing those with lots of money….....the top 1% of wage-earners only carried 19% of the tax burden on Americans, or about 1/2 of what they’re paying now.

Do these guys actually not know this stuff?  Or don’t they care?

READ THE WHOLE THING

Posted by on 07/22 at 11:20 PM

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