The top 1% of taxpayers pay 2.2 times their share, based on income

The top 1% of income earners earned 16.93% of all US personal income in 2009, but they paid 36.73% of all personal income tax that was actually collected in that same year. That’s collections AFTER all deductions, exclusions and any other tax breaks. In fact, since we’re talking about “collections” it even includes what was collected after any possible cheating. It’s money in the US Treasury.

What this means is that even after all tax breaks, deductions, exclusions and even any possible cheating that occurs at all income levels, the top 1% paid 2.17 times their share, based on income.

Follow us on social media
Facebooktwitterrssyoutube

According to Zogby International, at least 3 million Americans “relocate” offshore every year

According to a 2008 press release from polling giant, Zogby International, by a “modest estimate,” more than 3 million Americans move offshore every year. But that raises yet another question.

How many of those US expats do you believe are POOR?

Think about it…

In fact, we’re driving away those who pay the lion’s share of income taxes, by punishing success.

Follow us on social media
Facebooktwitterrssyoutube