The very wealthy in the U.S. do not pay a fair share of the tax burden or for the cost of government.
They don't?? The top 1% of taxpayers paid 36.7% of all income taxes in 2009[1] (yes, that includes capital gains). The top 10% paid 70%!
They don't?? The top 1% of taxpayers paid 36.7% of all income taxes in 2009[1] (yes, that includes capital gains). The top 10% paid 70%!
well, i think we all should be grateful for the %10, we are basically funded by them. Thank you rich folks!
The poor spend all of their income on necessities: food, rent, utilities, clothing. They effectively do not have income after deducting their necessary expenses; many do not have sufficient income before deducting their necessary expenses. The wealthy spend comparatively little of their income on necessities; their income is increasingly used on luxuries. They can afford to do this because of the services provided by the government. The wealthy receive disproportionately more value from the government, yet the only pay 10% more than the rest of us.