Top 1% pays 50% of the taxes.

[ElFenix]

Originally posted by: spacejamz
yeah...those darn numbers don't tell us anything....it is usually the people who don't like what the numbers say are the same ones who same the numbers are meaningless...

what is the share of income for each of those levels?

 

[nobodyknows]

Originally posted by: spacejamz

Originally posted by: nobodyknows

Originally posted by: spacejamz

Originally posted by: nobodyknows
No because I believe in incentive, but we need to make everyone pay their fair share according to their ability to pay.

So the bottom 50% with lowest adjusted gross income only pay 3% of of the total income tax paid, is not fair??? or the top 10% with highest adjusted gross income pay 70% of the total income tax is not fair? or even the top 25% paying 86% of the total income tax paid?


Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid

Top 1% - 39.89%
Top 5% - 60.14%
Top 10% - 70.79%
Top 25% - 86.27%
Top 50% - 97.01%
Bottom 50% - 2.99%

LOL at you people who throw out numbers like they prove something.

We have a massive deficit so obviously the rich are getting by too cheap. It's time for them to give back some of what this country has provided them instead of whining about what's fair.

yeah...those darn numbers don't tell us anything....it is usually the people who don't like what the numbers say are the same ones who same the numbers are meaningless...

The only numbers that count are the deficit numbers and how to get the budget under control.

Ypou can't get blood out of a rock, so it looks like the party is over for the rich people. Time for them to take the belt in a few notches. They might have to settle for only one overseas vacation this year.

 

[blackangst1]

Originally posted by: nobodyknows

Originally posted by: spacejamz

Originally posted by: nobodyknows

Originally posted by: spacejamz

Originally posted by: nobodyknows
No because I believe in incentive, but we need to make everyone pay their fair share according to their ability to pay.

So the bottom 50% with lowest adjusted gross income only pay 3% of of the total income tax paid, is not fair??? or the top 10% with highest adjusted gross income pay 70% of the total income tax is not fair? or even the top 25% paying 86% of the total income tax paid?


Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid

Top 1% - 39.89%
Top 5% - 60.14%
Top 10% - 70.79%
Top 25% - 86.27%
Top 50% - 97.01%
Bottom 50% - 2.99%

LOL at you people who throw out numbers like they prove something.

We have a massive deficit so obviously the rich are getting by too cheap. It's time for them to give back some of what this country has provided them instead of whining about what's fair.

yeah...those darn numbers don't tell us anything....it is usually the people who don't like what the numbers say are the same ones who same the numbers are meaningless...

The only numbers that count are the deficit numbers and how to get the budget under control.

Ypou can't get blood out of a rock, so it looks like the party is over for the rich people. Time for them to take the belt in a few notches. They might have to settle for only one overseas vacation this year.

Ive got two planned this year, and Im not rich Only because the countries Im going to the dollar is VERY strong I like staying in 4 star hotels for $45/night.

 

[piasabird]

Just look at all the tax cheats on the government roles and tell me they are not feeding at the trough???

 

[nobodyknows]

Originally posted by: blackangst1

Originally posted by: nobodyknows

Originally posted by: spacejamz

Originally posted by: nobodyknows

Originally posted by: spacejamz

Originally posted by: nobodyknows
No because I believe in incentive, but we need to make everyone pay their fair share according to their ability to pay.

So the bottom 50% with lowest adjusted gross income only pay 3% of of the total income tax paid, is not fair??? or the top 10% with highest adjusted gross income pay 70% of the total income tax is not fair? or even the top 25% paying 86% of the total income tax paid?


Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid

Top 1% - 39.89%
Top 5% - 60.14%
Top 10% - 70.79%
Top 25% - 86.27%
Top 50% - 97.01%
Bottom 50% - 2.99%

LOL at you people who throw out numbers like they prove something.

We have a massive deficit so obviously the rich are getting by too cheap. It's time for them to give back some of what this country has provided them instead of whining about what's fair.

yeah...those darn numbers don't tell us anything....it is usually the people who don't like what the numbers say are the same ones who same the numbers are meaningless...

The only numbers that count are the deficit numbers and how to get the budget under control.

Ypou can't get blood out of a rock, so it looks like the party is over for the rich people. Time for them to take the belt in a few notches. They might have to settle for only one overseas vacation this year.

Ive got two planned this year, and Im not rich Only because the countries Im going to the dollar is VERY strong I like staying in 4 star hotels for $45/night.

Your not rich but you're all over this thread whining about taxes??

LOL, that's the problem with rich people, no matter how much they have it's never enough.