The Leftists will not give up on one of their election winning memes – ‘The Rich need to pay their fair share’ – and I’m getting tired of this lunacy.
Looking at the 2009 IRS tax results (the latest official results I can find), you’ll notice something interesting and I’ve highlighted a portion of the IRS spreadsheet below (yellow line and red fields are the focus).
Those making $200,000 or more per year:
1) Represented just 2.8% of all income tax filers,
2) Accounted for 25.8% of the total Adjusted Gross Income (AGI) reported on Income tax returns and
3) Paid 50.2% of all Federal income taxes.
So rounding off, we can say that 3% of all income tax filers accounted for 25% of all AGI and paid 50% of all federal income taxes!
If that isn’t an example of paying their fair share, I don’t know what is!
Next time you hear a Leftist spouting this meme hit them with 3-25-50!