According to a Tax Foundation report:
- In 2013, 136M+ people living in the United States filed tax returns. Their overall earnings were $9.04T. They paid $1.1T in U.S. federal income taxes. That averages to ~$8.22k/taxpayer.
- The top 50% of taxpayers (68,040,177 of filers) paid 96.7% of all federal income taxes. That's why their federal tax bills are much higher than ~$8.22k.
- The the bottom 50% of taxpayers (the other 68M+ of filers) paid 3.3% of federal income taxes. That's why their federal tax bills are much lower than ~$8.22k.
- The top 1% of taxpayers paid 38.1% of all federal income taxes, an effective tax rate of 22.8%. That's higher than the rates any other group paid. "Yah, that's fair! Screw those rich bastards!" is the battle cry. "Gimme my fair share! I'm entitled! End the social injustice!"
So, come April 15, 2015--the due date for filing U.S. federal income taxes--realize that for every 53 persons who are filing and paying federal income taxes there's another 47 persons who aren't. To make matters worse, those in the top 50% of wage earners will be paying 2930%+ more in taxes than those in the bottom 50% of wage earners.
Remember this: In the United States, that's called tax "fairness."
Let the discussion begin...
To read the Tax Foundation report, click on the following link:
"Summary of Latest Federal Income Tax Data."