Fair Share: –Student News Daily
(CNBC) Democrat-Socialist/Progressives claim that the “Rich” do not pay their Fair Share without ever defining what “Fair Share” actually is?
What are the facts?
According to the IRS people who make $1 Million or more had an average tax rate of 20.4% in 2010. Tax filers who earned $50,000 to $100,00 had an average tax rate of 7.7% while those earning $30,000 to $50,000 had an average tax rate of 4.8%–those earning less than $30,000 had a negative effective rate meaning that they paid no federal income tax after deductions and credits.
Put another way, Millionaires pay a rate that is more than 4 times that of other taxpayers. How is it therefore that Millionaires do not pay their fair share? How does one define tax fairness?
Related: If 5% Paid 40% of Taxes, What is Their Fair Share? –Washington Examiner
Govt Will Take Almost Half Your Paycheck in 2013 –Heritage Foundation
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