Are you paying your fair share??

Are you paying your fair share??

Obama is making much of making sure the rich pay more and the poor pay less.  So, how is it working today??  Perhaps Obama should pay attention to the facts.

 

Political Diary
July 9, 2008

Reviving Redistributionism
New data from the IRS will be out in a few weeks on who pays how much in taxes. My contacts at the Treasury Department tell me that for the first time in decades, and perhaps ever, the richest 1% of tax filers will have paid more than 40% of the income tax burden. The top 50% will account for 97% of all federal income taxes, while the bottom 50% will have paid just 3%.