The rich do not pay the most taxes, they pay ALL the taxes

The rich do not pay the most taxes, they pay ALL the taxes. CBO report says “…top 40% of wage earners in America pay 106% of the taxes. The bottom 40%…pay negative 9%.” [Video at the link.] Class-warfare politics is a game: Politicians blather about “income inequality” and “the rich not paying their fair share.” Voters elect them. Pols then throw the voters a few crumbs while busily making the rich (and themselves) richer thru crony capitialism, bailouts, quantitative easing, etc, etc. Lather, rinse, repeat.

This post was last modified on December 12, 2013

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (4)

  • The poor pay taxes every day. Sales taxes, property taxes, the hidden tax called inflation and more are paid by the poor. And as a percent of their income they pay far more than the rich. The simple analogy is a common speeding ticket. the fine is $175. which is more than a weeks pay for a poor person. For a rich man that same $175. may not even cover 1% of his daily earnings. To have the same effect on the person fined the rich man would have to pay a stunning fine.

    • Don't you have a little Che Guevara Fan Club meeting to go to?

      I mean really, what are we saying here? That equal isn't fair? Is "poor" your code word for "black" or something? Like, black folks shouldn't be fined as heavily as Whitey?

    • the fine is $175. which is more than a weeks pay for a poor person.

      Where do you live?
      Even at minimum wage, anyone makes more than that.