Taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in individual federal income taxes, according to the latest data from the Internal Revenue Service (IRS) from 2011.You might wonder what percentage of tax payers fall into that $100,000 plus bracket...
In 2011, according to the IRS, there were 145,370,240 individual income tax returns filed. Among those returns, 125,914,418 or 86.6%, belonged to taxpayers earning a salary less than $100,000. The remaining 19,455,822 returns belonged to those taxpayers earning more than $100,000, or 13.4% of the total.
While those top earners, earning six figures or more, represented only 13.4% of the total number of individual income tax returns reported to the IRS, they contributed nearly three-fourths of the total amount of federal tax revenue from individual filers reported for that year.So, 13.4% of taxpayers pay 71.6% of all income taxes.
I'll ask again for our "progressive" friends, who is it exactly that isn't paying their fair share?
When more than 47% of Americans pay no income taxes at all, it's obvious to see who isn't paying their fair share and it isn't the folks paying three quarters of the taxes in this country.
Oh yes, let me stop you loons now, "nearly have those 47% work and pay social security and other taxes." It's funny how social security is only considered a tax by the left when they use it to excuse the parasites in our society.
The fact is those making $100k or more salaries also pay those taxes and many others. They pay capital gains taxes, sales taxes, property taxes, taxes on their phones and energy uses, taxes, taxes, every where there is taxes.
Even worse, of those 13.7% who are bearing the brunt of income taxation in this country that happen to also be employers, guess what, they are also paying the other half of the social security and medicare taxes the small percentage of workers in the 47% claim excuses them from income taxes.
The simple fact is that the federal government's spending has gotten so out of hand they can't seem to find enough money to steal from productive people. They've even taken to going after the children of social security recipients that the federal government was so incompetent in paying that they paid them too much.
Meanwhile, the IRS continues to shell out billions per year in child tax credits to illegal immigrants.
Don't expect the left to change their tune on redistributive taxation anytime soon... with only 13.7% of taxpayers footing the majority of the bill, they will be able to find plenty of parasite voters lining up to get their "fair share" of other people's hard work.