Monday, February 21, 2011

The Next Time You Hear---

some liberal ranting..."The rich should pay more!"  "Why are the Bush tax cuts for the rich being extended?" "Let's soak the rich!"...this will be the only chart you will ever need:



The top 5% of income earners already pay almost 60% of the federal income tax received by the IRS while the bottom 50% of earners pay in 2.7%. More astounding, according to the IRS, the share of income taxes paid by the richest 1 percent almost equals the share of income taxes paid by the bottom 95 percent.

And, no, I am not one of the wealthy, I am just someone that chooses to respect their contribution rather than demonize them.

Now, rush down to the little white comment box below and remind us why the wealthy should have their taxes raised when almost 50% of all income earners pay NO TAXES.

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