paidslave
Well-Known Member
another source on the subject which has 10 percent paying 70 percent of all taxes:
http://www.heritage.org/research/fe...2008-boc-T4-The-Top-10-Percent-of-Income.html
The Top 10 Percent of Income Earners Paid 70 Percent of Federal Income Tax
The U.S. tax system is highly progressive. The top 1 percent of income earners, by household, paid 39 percent of all federal income taxes in 2005, whereas the bottom 50 percent paid a little over 3 percent. Further, 32 percent of all tax returns filed in 2005 were from people who paid no federal income tax at all.
So your argument that the rich are not paying taxes is not supported by either source.
And if you look at the graphs the top fifty percent of all wage earners pay close to 97 percent of all taxes.
So when Obama speaks of raising taxes guess who is going to pay. It ain't the bottom fifty its us.
Very good due diligence and some very good charts! This is my favorate: Pick out all the Bleeding heart republicans below: Even a peanut farmer spent less than Bush....
All Recent Administrations Ran Up Budget Deficits
Since the 1960s, deficits driven largely by increased levels of spending have been the norm, while surpluses were an exception. The current 2008 deficit projection — 2.9 percent of GDP — is slightly above the 45-year historical average of 2.8 percent of GDP.
Average Federal Deficit as a Percentage of GDP, by Administration