Average Income Tax As % | ||
Quintile | Of Total Income | |
Top 1% | 18.8% | |
Rest of Top 20% | 11.8% | |
Middle 20-80% | 4.2% | |
Bottom Quintile | -5.6% (Negative due to tax credits) |
Beyond that, though, is this word "fairness". What exactly is unfair about the top 1% of earners paying 19% of the income in federal income tax while middle class families (presumably those in the 20th through 80th percentile of income earners) pay 4% of their income in federal income tax? Is that 4% really unfair? If so, what should it be then? Zero? Or is the President perhaps simply disingenuously mining the economic ignorance of the public? Do you really think the Middle Class should be incensed that they are "unfairly" being forced to cough up a whopping 4.2% of their income in federal income tax?
The President is not the first person to appeal to blind envy -- nor will he be the last. After all, they always teach in debate class that when you don't have a good factual argument, call people names and appeal to their prejudices.
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