The random political thoughts thread (Part Deux)

[Nephythys]

I don't think they are treated unfairly- but they do pay the majority of taxes. Complaining about tax cuts for the rich-the people who pay more taxes- is just a class warfare tactic.

Taxes should be lowered all over- but it is disingenuous to gripe about giving tax cuts to people who pay more in taxes. I seriously question the motivation of anyone who makes those complaints- is it really tax related, or just class envy and a desire to stick it to people with more money and force them to redistribute their wealth to people who have not earned it.

The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003: 33.71%) The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%). The top 10% pay 65.84% (Up from 2002: 65.73%). The top 25% pay 83.88% (Down from 2002: 83.90%). The top 50% pay 96.54% (Up from 2002: 96.50%). The bottom 50%? They pay a paltry 3.46% of all income taxes (Down from 2002: 3.50%). The top 1% is paying nearly ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 16.77% of all income (2002: 16.12%). The top 5% earns 31.18% of all the income (2002: 30.55%). The top 10% earns 42.36% of all the income (2002: 41.77%); the top 25% earns 64.86% of all the income (2002: 64.37%) , and the top 50% earns 86.01% (2002: 85.77%) of all the income.