WHO IS NOT PAYING THEIR FAIR SHARE ????
"The rich pay lower tax rates than we do. Bush's tax cuts were only for the rich. Both the Reagan and Bush tax cuts were sops to the rich. Schmucks like you and me pay all the taxes so the rich can ride free.
You hear these lies every day.
These lies are rebutted by a single graph produced by the Congressional Budget Office, below.
The taxes included in this chart are for all federal taxes, not just income taxes. Each quintile is one fifth of taxpayers, based on income. The top quintile is the one with the highest incomes.
The most obvious observation is that the higher your income, the greater your federal tax rate is. Taxpayers in the top quintile paid about 25% of their income in federal taxes, while those in the bottom quintile paid about 5% in 2007."
[American Thinker]
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