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General Category => Editorial/Opinion/Blogs => Topic started by: mystery-ak on April 15, 2024, 05:31:59 pm
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The Shocking Truth About ‘Tax Fairness’
I & I Editorial Board
April 15, 2024
After spending decades peddling the fiction that the rich don’t pay their fair share of taxes, Democrats have convinced 60% of adults that it’s true, according to the latest I&I/TIPP poll.
That includes half of Republicans and nearly two-thirds of independents.
But just because most people believe something doesn’t make it true. And in this case, it is wildly and demonstrably false.
As our I&I/TIPP poll report today shows, the richest 1% of Americans now pay 45% of all federal income taxes collected, “the highest levels of taxes as a share of the total in history.” The bottom 75% of income earners, in stark contrast, account for only 11% of federal income taxes paid.
Think about it this way: Four million people in this country — roughly the population of the city of Los Angeles — pay more than half of all federal income taxes.
On the other hand, 40 million — roughly the entire population of California — pay nothing in either income or payroll taxes, or they get a net tax refund from the federal government.
more
https://issuesinsights.com/2024/04/15/the-shocking-truth-about-tax-fairness/