Top 1% Earn 19% of Income, But Pay 37% of Taxes
Yes, income in America is skewed toward the rich. But taxes are skewed far, far more. The top 5% pay well over half of all income taxes (57%) even though they only earn only 33% of the total income. The wealthiest 1% earn 19% of total income but pay 37% of all taxes. Somehow that never seems to upset those who profess to be concerned about "fairness" and "social justice" and "equity."
Stephen Moore has breaks down the numbers for us in "Guess Who Really Pays the Taxes."