Top 10% Pay 68% of Federal Income Taxes

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Polls show that Mr. Obama’s approval rating is at 48%, its highest in two years.

The following could be the reason why it’s so high.

This is the federal tax burden. A walloping 68% is paid by the top 10% and the bottom 50% pay almost nothing.

Top 10 Percent of Earners Paid 68 Percetn of Federal Income Taxes

This is the tax burden of all federal taxes, including individual income, corporate income, payroll, excise and other miscellaneous taxes – look who pays.

Who Pays Their Fair Share of Taxes_2

The bottom 50% pay 3% of the federal taxes. The bottom 40% pay only 4% of their “fair” share of all taxes. Why wouldn’t they be happy with the administration who is buying off the majority with the labor of the few? This is – at best – socialism.

There are 35.4% on welfare. More than 46 million are on food stamps. More than 93 million are out of the work force completely. The administration is punishing producers and creating more non-producers. They want to do more of that by taxing the rich. In the end, the administration is widening the gap between the super-rich and the poor, reducing the size of the middle class.

 

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