The Tax Foundation came out with the new statistics for 2008/09 on what portion of the population pays what in taxes. Not surprisingly the bottom 50% paid a little under 3% while the top 1% paid over 40%. You may then accuse the top 1% of earning more than they are paying... and you would be WRONG!
The top 1% make about 23% of all income but pay 40%+ in federal income taxes!
The picture above shows graphically that the top 1% pay more of the federal income tax burden than the bottom 95%!! And the Democrats want to raise taxes on the top earners some more--whats another 4.6% to the federal rate and another 5.4% in healthcare "surplus tax?" Simply amazing!
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