Unfair Taxation

[A_Wanderer]

New IRS statistics on the taxes Americans pay show that George Bush’s tax policies actually soak the rich.

It turns out that the income tax burden has substantially shifted onto the wealthy. The percentage of federal income taxes paid by those who make more than $200,000 a year has actually risen from 41% to 47% in recent years.

In other words, the richest 3 out of 100 Americans are now paying close to the same amount in income taxes as the other 97% of workers combined.

It’s also a common myth that the rich are hording all the wealth, while the middle class stays stuck in economic quicksand.

The IRS data show that the share of all income earned by the wealthiest 10% of Americans has actually fallen since 2001. The rich are earning less of the total income but paying more of the total taxes.

link

 

[anitram]

Cry me a river.

Let's tax the poor bastards making $25K per year. That'll teach them to work harder.

 

[trevster2k]

Boo F**kin Hoo!

 

[nbcrusader]

Isn't that what King George said?

 

[the rockin edge]

Isn't that what King George said?

isn't that whose tax policies the thread is about?

 

[ntalwar]

I think that can be a bit misleading. Middle class Americans(and others) have seen rises in costs of health care, energy, education, and housing at a rate greater than inflation. That, in effect, is an extra tax because it hits them harder.