9/20/11

It's Time They Pay Their Fair Share ... The Poor, That Is

Writing for the AP (of all places!) Stephen Ohlemacher (pictured, right) explains: "On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office."

He also reminds that, "The Tax Policy Center estimates that 46 percent of households, mostly low- and medium-income households, will pay no federal income taxes this year."

46 percent! Wow. Just wow.

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