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What do you think of this idea that the top 1% cover 38% of federal income tax vs. 2.7% for the bottom half”?
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April 27th, 2011
On the front of IBD newspaper it states that “Top 1% cover 38% of federal income tax vs. 2.7% for the bottom half”
What is the main purpose of pointing this out? Is it to try and extend tax breaks for the “rich”? Are they saying that the “bottom half” are not paying their fair share?
Is this accurate?
Wouldn’t it make sense that the most wealthiest people in country, would pay more taxes, if they make more money, no? That is just my logic not saying I’m right.
If it is true, then what is your opinion or stance on it?
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