- In 2009 3.9 million taxpayers (4.8% of the total) had adjusted gross incomes of $200,000 or more. They paid 50% of all the personal income tax collected. How much more of the income tax do you think they should pay?
- If these households paid 10% more tax, government revenue would be $43 Billion higher. Since $43 Billion is 1.2% of total Federal spending, how would this materially impact the Federal budget deficit?
- You often assert that lowering marginal tax rates on The Rich has resulted in them paying less tax. Yet the percent of income taxes paid by those top 5% of earners was only 54% in 2002 (before the so-called Bush Tax Cuts for the Rich), 43% in 1991 and 35% in 1981 (before the so-called Reagan Tax Cuts for The Rich). How do you explain that?
Sunday, January 8, 2012
Three Questions for Tax-The-Rich Advocates
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