Whenever You Hear Someone Complain the Rich Don’t Pay Their ‘Fair Share,’ Show Them

How many times have you heard some version of “the wealthiest Americans should be paying their fair share?” But does anyone actually know what that means and, more importantly, what the highest-earning Americans are currently paying in taxes?

Now, thanks to the American Enterprise Institute and the Congressional Budget Office’s latest report on income and taxes, we know whom is paying what. And the picture painted by reality is very different than what one would expect.

You can decide for yourself if they are already paying “their fair share.”

The top 1% of households earned 15% of income but paid 35% of federal income taxes.
The top 20% of households earned 52% of income but paid 69% in federal income taxes.
The bottom 20% of households income tax rates dropped from 9% to 1.9% since 1984.
40% of households get more than half their income from federal transfer programs.
When government transfers are included, 60% of Americans had net negative tax rates — meaning they received more than they paid in.

http://www.ijreview.com/2014/11/203...share-20-americans-pay-almost-100-everything/

 

I have no problem with tax havens. Whatever keeps money out of government hands is fine by me. Still given that the top 1% paid 35% of all taxes in spite of any tax havens says quite a bit.

 

One thing this country needs more of is tax havens

 

I don't care how much it is. If we want it to come back on shore we need to make this country more business friendly.