How many people have heard a liberal or a downtrodden middle class person say "we have it the roughest" and "we pay all the taxes" and "rich people don't pay anything"?
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1% $295,495 34.27%
Top 5% $130,080 54.36%
Top 10% $94,891 65.84%
Top 25% $57,343 83.88%
Top 50% $29,019 96.54%
Bottom 50% < $29,019 3.46%
Sorry - the top 5% alone pays more than half of all taxes. You lose.
Why Isn’t the Blue Model Working?
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Illinois is about to enact a massive tax increase. The Republican governor
wanted property tax reform coupled with pension reform to tame the state’s
out-o...
2 hours ago
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