Monday, June 4, 2012

53 percent of Americans pay income tax?















In response to the Occupy Wall Streetoutcry over wealth and income inequality in America, conservative politicians and organizations are quick to point out that the richest Americans pay the largest share of taxes. For example, the top 20 percent of Americans earn 53.4 percent of the total U.S. income, but pay 67.2 percent of total income tax [source: Tax Policy Center]. To drive the point home, conservatives express shock at the fact that more than half of all Americans pay no Federal income tax at all. Occupy Wall Street may be the "99 percent," but let's give some credit to the "53 percent" who keep the country in business, right? But is this statistic true?


http://www.readability.com/read?url=http%3A//money.howstuffworks.com/only-53-percent-pay-income-tax.htm

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