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Why are Democrats ignoring this?
Many Democrats and Liberals frequently call for the “Wealthy” to pay their fair share of taxes. This I completely agree with. However, are you aware that the top 20% of income earners in this country pay roughly 80% of the federal income tax (which is the largest federal tax), with about 40% of federal income taxes coming from the top 1% of income earners? Also take into consideration that the bottom 50% pay roughly 3% of the total income tax. Based on these numbers, is it fair that Democrats, who claim that everybody must pay their fair share, only raise taxes on the wealthy, when so little is contributed by the lower class?
I know that many of you liberals will dismiss this source since it is the Heritage Foundation, however consider the fact that they source it from the IRS.
@ Jason K – History? This is as of 2007, which means that even with all of those tax cuts Bush gave the wealthy, their contribution to the FIT just seems to keep increasing, whereas the contributions from the bottom 50% seems to be decreasing. Why do you just dismiss the facts? Is it because you can’t argue intellectually?
@ Sherazz – If the Heritage Foundation is not credible, then clearly the CTJ isn’t being that their mission according to their own website just touts the progressive agenda of tax the rich and bashes conservatives like Ronald Reagan. Their goal states “CTJ’s goal is to make taxes a better deal for middle- and low-income American families.” Notice that fair taxes for the rich is not included. But anyway, even if their statistics are accurate, which I do take exception to since they are not taking in account tax refunds, their study encompasses local, state, and federal taxes, whereas my argument was about the federal income tax. Completely unrelated.
@ Daniel – Seriously, did you not read my last paragraph?
5 Answers
- Anonymous1 decade ago
Their source is the IRS, but how the PRESENT the figures is all theirs. I can take any set of numbers and twist them to suit my goal.
If the IRS shows those figures (the actual figures, not the just the raw data...) then you have apoint.
For instance, here is a report from the Center for Tax Justice using IRS data that shows that the total federal, state and local effective tax rate for the richest one percent of Americans (30.9 percent) is only slightly higher than the average effective tax rate for the remaining 99 percent of Americans (29.4%) and from the middle-income ranges upward, total effective tax rates are virtually flat across
income groups.
Which is correct? Considering the sources, probably neither.
- ?Lv 71 decade ago
Did you know that heritage foundation was behind the estimates in the Ryan budget that are totally unrealistic. So don't believe any thing that they say.
- ?Lv 71 decade ago
Jason, if you weren't in such a hurry to dismiss the facts you wouldn't have noted the footnote about changes to the data.
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- JasonLv 61 decade ago
"Why are Democrats ignoring this?"
Because the data is four years old?
Give me news, not history.
