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WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
They don't--the top tax rate in the country is 35%--which is what millionaires and billionaires pay. In fact the top 1% in this country--(the over 350K crowd pays 45%) of the entire federal tax base.
This is on EARNED income--Capital gains tax is 15% for everyone.
There are 220K people in this country that make one million or more--out of 310 MILLION Americans.
Who has more to protect? The guy living in a 2 million dollar home or the guy living in a $200,000 home?
Shouldn't the guy with MORE to protect, PAY MORE?
Flat taxes are a wet-dream for the rich and STUPID people who aren't good at math.
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
Chris, you really need to read your source.
The 'rich' (a married couple earning over $250K a year, per our CIC) pays what % in taxes?
The ultra wealthy have already paid the higher % on their earned income. They pay a lower % on capital gains (investments).
The current top rate on long-term capital gains is 15%, and the top rate on ordinary (earned) income such as interest and salary is 35%.
I know you are smart enough to understand the differences.
Why would anyone in their right mind want to pay the earned income tax rate on money that was already earned??
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
Fifty percent of you leeches pay ZERO federal income tax. how much lower can ya get?
They already pay more, how much more is fair?
Stop believing what is being said and look up the info for yourselves.
The latest data show that a big portion of the federal income tax burden is shoul*dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per*cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percentthose below the median income levelnow earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and dont include payroll taxes for Social Security and Medicare.
See it for what it really is class warfare by the left.
The lefty's ideology is always divide and conquer.
They never want us to be united as Americans on anything.
That would be Dems biggest nightmare if we the people did this.
One of things of the Tea Party and OWS is crony capitalism, but you will never hear much of this in the news. They don't want us united period.
You will never hear from dems that we are all in this boat together, that we must all pull together or anything at all about how we all will need to do things together, to get us out of the mess Washington has gotten us into.
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
Fifty percent of you leeches pay ZERO federal income tax. how much lower can ya get?
They already pay 70% of the tax burden you fucking moron, class warfare obama bot.
They already pay more, how much more is fair?
Stop believing what is being said and look up the info for yourselves.
The latest data show that a big portion of the federal income tax burden is should*dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per*cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percentthose below the median income levelnow earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and dont include payroll taxes for Social Security and Medicare.
See it for what it really is class warfare by the left.
The lefty's ideology is always divide and conquer.
They never want us to be united as Americans on anything.
That would be Dems biggest nightmare if we the people did this.
One of things of the Tea Party and OWS is crony capitalism, but you will never hear much of this in the news. They don't want us united period.
You will never hear from dems that we are all in this boat together, that we must all pull together or anything at all about how we all will need to do things together, to get us out of the mess Washington has gotten us into.
You didn't answer the question.
Should billionaires pay taxes at a lower rate than the rest of us?
Imagine how many jobs would be created if those folks making over $1 million a year didn't have to pay any taxes at all.
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com
Fifty percent of you leeches pay ZERO federal income tax. how much lower can ya get?
Leeches. Really. The numbers speak for themselves. The rich have been able to manipulate the people for long enough. When you have some of the wealthiest and intelligent Americans like Bill Gates and Warren Buffet come forward and say I don't pay enough in taxes, that's enough proof for me. And this country has continuously earned EVERYTHING it has achieved. Even now we have our "LEECHES" as you call them, in countries they don't belong fighting wars to pad the wallets of the WEALTHY.
You should seriously take a step back and reassess. America is proud, and the middle class is America.
WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com