The random political thoughts thread (Part Deux)

[scaeagles]

Just cause I feel like it....from an AP story on taxes.

This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.

Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.

Someone earning 1 million will pay 291,000 in taxes.
Someone earning 20,000 will pay 1140 in taxes.
The person earning 1 mil earns 50x more than the person earing 20,000, and pays 255x the amount of federal taxes.

Someone earning 50,000 will pay 6250 in taxes.
The person earning 1 mil earns 20x more than the person earning 50,000, and pays 46.5x more in taxes.

Seems like we don't have a problem of the rich not paying their fair share.

And no, I am not one of those earning 1 mil. Not even close.