BDBoop
Platinum Member
- Banned
- #1
Key Tax Facts
15,753: The number of households in 1961 with $1 million in taxable income (adjusted for inflation).
361,000: The number of households in 2011 estimated to have $1 million in taxable income.
43.1: Percent of total reported income that Americans earning $1 million paid in taxes in 1961 (adjusted for 2011 dollars)
23.1: Percent of total reported income that Americans earning $1 million are likely to pay in taxes in 2011, estimated from latest IRS data.
47.4: Percent of profits corporations paid in taxes in 1961.
11.1: Percent of profits corporations paid in taxes in 2011.
It's completely irrational to insist that corporations and the ones who hoovered up all the money, and have all the money, shouldn't have to pay the taxes inherent TO the money.
http://www.ips-dc.org/reports/unnecessary_austerity_unnecessary_government_shutdown