Thursday, December 15, 2011

Top 1 percent of tax returns paid 36.7 percent of federal individual income tax - Shooting Sports Forum

In reponse to: Top 1 percent of tax returns paid 36.7 percent of federal individual income tax - Shooting Sports Forum

The effective tax rate of the 1P is historically low, around 18%, as shown here, http://paul.kedrosky.com/archives/2011/12/us-tax-rates-in-three-graphs-not-boring-really.html

That's not even bringing into account the negligible taxes that US corporations pay. What did the middle class get for all those tax breaks?

The constitutional role of government is two fold, provide for the common defense and promote the general welfare (weal = wealth).

It's not that the 1% aren't paying taxes, they are. It's corporations that aren't because they bought off the Congress. Follow the money, there's the source of income disparity in the US, tax free corporate profits. When it all funnels to the 1%, that's what you get.

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