For those willing to face the facts, abandoning class warfare tactics and twists, the IRS data below clearly demonstrates that the ultimate “net tax” payment from the wealthiest Americans is extremely high.
Not just extremely tall, but proportionally, much taller than everyone else, in parentheses below them. That proportion has increased dramatically for 30 years.
Since Ronald Reagan became president in 1980, tax returns irrefutably show that the lies, twists, and class warfare of Democratic politicians, which the Nanny-State media loudly echoed, are blatantly false. More generous than ever, Democratic robotic speakers have also “performed” perfectly.
CALLING VICTIMS IRRESPONSIBLE FOR USING A MIS UNDERSTOOD WILL
Most of the Nanny-State media outlets practice MIS UNDERSTANDING WILL, in order to make the irresponsible in our society look like victims.
A willful misinterpretation also comes from most of the well-known comedians with the largest audiences who, if not completely economically illiterate, support an ever-expanding nanny-state, disregarding trillions of dollars and unfunded liabilities. that soar, moving hideously in the direction of Greece.
The full breakdown will show:
1. Adjusted gross income (AGI)
2. Percentage of total cargo paid at each level
3. Final average payment of “net taxes” in each category
Let’s take a quick look at the top 1% of taxpayers.
The top 1%, just 1.4 million taxpayers, pay 40.42% of the total burden in the amount of — $ 450 billion of the total amount of $ 1.1 trillion. In stages, since 1980, the percentage and amounts paid by the top 1% has gone from 19% to 40%. Here is the precise trend since 1980:
1% higher
1980 paid 19.05% of the total cargo
1990 paid 25.13%
2000 paid 37.42%
2007 paid 40.42%
Source: 100% Summary of IRS Tax Return Data by Tax Foundation — Latest Year Available – 2007
THE POLITICAL CLASS AND ITS LEADERS CREATE A SOCIETY OF NON-EXISTING VICTIMS
Highly misleading buzzwords like the marginalized and the underprivileged become as automatic and safe for media elites as saying their own names.
Both the DISENFRANCHISED and the DISVANTAGED must be replaced by the IRRESPONSIBLE. or SELF-DETACHING or SELF-DISADVANTAGES
High school dropouts, single mothers, and those who don’t persist often become disadvantaged or disenfranchised, but the United States does not.
In fact, dropping out of high school and / or becoming a single young mother, especially in adolescence, almost guarantees an unsatisfactory standard of living and, in very high percentages, leads to decades or a lifetime of dependence on the government, which does not it has to be in the United States. .
Census Bureau data shows that many of these government dependents receive enough taxpayer money to live comfortably, but the options are often bad. Add to that your long-term wear and tear on society, rather than a productive contribution to it, and America is hurt rather than helped. Voters must assert themselves.
America’s most productive citizens are by far the highest paying taxpayers, paying a higher proportion than everyone else in both percentage and actual dollars – much, much more.
Although the rich do not need our sympathy, because they are rich, the Tax Code is actually unfaithful to them.
This high payment, the richest payment, is an annual payment. It is a “net payment”, that is, after all deductions, credits, grants, etc. they are taken by the taxpayer, this is the amount of their money, the government stays and spends; and that the taxpayer forks and no longer has.
Many uninformed voters believe that the wealthiest “get” from the government when the reality is that at the end of each year, the rich “pay through their noses.”
Total amount of income tax paid – All taxpayers $ 1.1 billion – No. of individual taxpayers filing taxes 141 million-number actually paying a “net tax”: 93 million
By covering 40.42% of the total, for an amount of $ 450 billion, a balance of $ 650 billion remains to be paid, not much more than the $ 450 billion already paid by that top 1%. The remaining 59% more, consists of 140 million taxpayers to cover this amount.
So are the 1.4 million getting away with it, carrying a staggeringly large percentage of over 40% of the total cargo?
The second highest paying group, representing the top 2-5%, gets the second worst group
In contrast, the bottom half – 71 million strong taxpayers – The so-called poor – Income limit of $ 32,000 a year – They pay a paltry 2.89% of the burden
This small tax payment on these 71 million is, ironically, offset by the hundreds of billions in welfare payments they receive, some through the Earned Income Tax Credit and other misnamed “credits,” some from welfare. general, beyond quantity. redistributed through the tax code. IRS Publication 17 emphatically states that virtually all welfare payments are still 100% available, even to those who receive thousands upon thousands of money transfers from others through the tax code.
Higher payments (net taxes) continue to rise to those earning around $ 20,000 a year +, for many single workers, and $ 45,000 to $ 50,000 + for married couples with 2 or more dependents.
As welfare recipients, with or without work, move closer to becoming the majority of voters, the electorate is reaching a point where that majority can vote themselves an even larger share of the earnings. from others than the amounts they are now receiving.
The second highest group, the top 2-5%, only pay 6 million taxpayers (20.20%) in the amount of $ 225 billion of the balance of $ 650 billion, leaving $ 425 billion to pay by 95%. This trend continues.
Furthermore, those who pay the most, give us the most jobs, as entrepreneurs and investors, and therefore contribute far more to our standard of living and greatness than political and media elites, who contribute little more than journalistic activism. towards the construction of a rule of law. This group includes pencil pushers, academics, and the public school monopoly.
Below, we list in each of the six categories, the income, the total burden share, and the final “net tax payment” for each.
Full summary All groups
CATEGORY 1 – Highest group of taxpayers-top 1%
The top 1% (1.4 million taxpayers) pay (40.42%) in the amount of $ 450 billion of the total of $ 1.1 trillion, leaving only (59.58%) $ 650 billion, to charge of the rest (140 million taxpayers).
Adjusted Gross Income (AGI) 1% above $ 410,096 —– and above
Final Average “Net Payment” – Top 1% Taxpayer —– $ 319,645
CATEGORY 2 – SECOND Highest group of taxpayers – 2-5% higher
The top 2-5% (6 million taxpayers) pay (20.20%) in the amount of $ 225 billion of the remaining $ 650 billion, leaving only (39.38%) $ 425 billion, to be paid by the rest (134 million taxpayers). ).
Adjusted Gross Income (AGI) 2-5% higher between $ 160,000 and $ 410,096
Final Average “Net Payment” – 2 to 5% of major contributors —– $ 39,939
CATEGORY 3 THIRD Highest group of taxpayers 6-10% higher
The top 6-10% (14 million taxpayers) pay (10.59%) in the amount of $ 118 billion of the remaining $ 425 billion, leaving only (28.79%) $ 307 billion, in charge of the rest (120 million taxpayers). ).
Adjusted Gross Income (AGI) Top 6-10 between $ 113,018- $ 160,041
Final Average “Net Pay”: Between 6% and 10% of Top Taxpayers: $ 8,374
LIBERAL SPIN TRIES TO DIVIDE THESE DATA WITH SPIN ON PAYROLL TAXES
THE DATA PROVIDED FOR THIS MYTH WILL BE DISPLAYED IN A SEPARATE ARTICLE
CATEGORY 4 – Fourth highest group of taxpayers exceeding 11-25%
The 11% above 25% – (21 million taxpayers) pay (15.37%) in the amount of $ 171 billion of the remaining — $ 307 billion. leaving only (13.42%) $ 136 billion, to be paid by the rest (106 million taxpayers).
The top 11-25% are those with Adjusted Gross Income (AGI) between $ 66,532 and $ 113,008
Final Average Income Tax Payment “Net Pay” from Top Taxpayers 11-25% —- $ 8102
CATEGORY 5 – Fifth highest group of taxpayers between the highest 25% and 50%
Top 25% to 50% – (35 million taxpayers) pay (10.52%) in the amount of $ 117 billion of the remaining — $ 149 billion, leaving only (2.89%) $ 32 billion , to be paid by the (71 million remaining taxpayers).
The top 25 to 50% are those with Adjusted Gross Income (AGI) between $ 32,879 and $ 66,532
Final Average Income Tax Payment of Major Taxpayers 25-50% —- $ 3,328
The top half (50%) pay 97.1% of the total ($ 1,068 billion)
CATEGORY 6 – Bottom 50% of taxpayers
Bottom 50%: 71 million taxpayers pay a small amount (2.89%) in the amount of $ 32 billion
The bottom 50% are those with Adjusted Gross Income (AGI) of $ 0 to $ 32,789
Bottom 50% Final Average Income Tax Payment —- $ 457
The bottom half (50%) of the country 2.89% of the total ($ 0.32 billion)