Sunday, January 11, 2015

Top 10% of Income Earners Pay 70% of Fed Income Taxes...

Bottom 50% of wage earners pay only 3%.

(via E21)


  1. I am reading the 80 20 principle by Richard Koch (which I recommend). This situation is an example that matches what he writes about.

  2. Actually, this article uses a mis-application of the "word" Income. Income in common usage is 'all that comes in'. In the tax law, it means a gain or profit derived from engaging in activities covered by federal privilege. Two different things. Other "words" used in the law that cause confusion are "wages", "employee", "employer", "trade or business". Get the facts and escape the tax scam, see

  3. To the progressives, who often cry about it when it benefits ever growing govt power, the free rider problem created by progressive income tax is a feature, not a bug.