Throughout the Democratic National Convention, the call of ‘fairness’ has been the battle cry heard through Charlotte. Fair Share, Fair Share, Fair Share was a chant heard often.
Cory Booker screamed that “Paying your fair share isn’t class warfare, it is patriotic”.
But what do the Democrats mean by who should pay their “Fair Share”?
Rhetoric aside, one thing that must be analyzed is the math of “Fair Share”. To determine what the Democrats mean by paying your “Fair Share” we must first look at what share various income demographics pay.
Could the Democrats be referring to the top 1% paying their fair share? According to the National Taxpayers Union, in 2009 the top 1% already pay almost 37% of all taxes. They must not be referring to the 99% versus 1% argument.
Maybe the Democrats are referring to the top 10%? They like to mention the top 10% often. Unfortunately, that can’t be referring to the top 10% because in 2009, they paid just over 70% of all taxes.
Maybe the top 25%? We are getting into the upper-middle class bracket here but could that be what the Democrats are referring to? No, the top 25% pay over 87% of all taxes.
It must be the top 50% of wage earners, right? Well, maybe not, it seems the top 50% pay 97% of all taxes?
So who are the Democrats referring when they decry groups aren’t paying their “Fair Share”? If you go with the standard dictionary definition of fair, “to make even”, then using taxpayer metrics, the only place to look is the bottom 50% of wage earners- those making less than $33K per year. This group only pays less than 3% of all taxes. Using simple taxpayer metrics, this is the only wage demographic the Democrats can be referring to when they claim they want people to pay their “Fair Share”
So either the Democrats are calling for massive tax increases on the poor and middle class or they are lying about their statements not being class warfare.
Which is it?source data: http://ntu.org/tax-basics/who-pays-income-taxes.html