Bush's tax cuts don’t work; rich pay record high, below the median pay record low!

mlmpetert · 07-22-2008, 06:10 PM

Im not sure if the source is trust worthy but..

Their Fair Share - WSJ.com

The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half.

07-22-2008, 06:10 PM	#1
mlmpetert Playmaker Join Date: Nov 2006 Location: Richmond Posts: 3,261	Bush's tax cuts don’t work; rich pay record high, below the median pay record low! Im not sure if the source is trust worthy but.. Their Fair Share - WSJ.com The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half.

Bush's tax cuts don’t work; rich pay record high, below the median pay record low!

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