Don’t Be Fooled by Stories that the Rich Pay Eighty Percent of the Taxes

Thursday, April 21, 2016
By Paul Martin

David Haggith
April 20, 2016

Year after year around tax time, a tired war horse of a story gets trotted out about how the heavily burdened rich already shoulder eighty percent of the tax load. Poor rich. They are oxen doing the heavy pulling to make things easier on the rest of us dumb cows. Thank God we have them!

Don’t believe a word of it!

The tax burden of the beleaguered rich

Or, more importantly, look at the words that are not being spoken by the lap cats of the super wealthy who like to croon over this story around tax time. One recent rendition of it appears in The Washington Free Beacon:

While … top earners contributed almost four-fifths of the total amount of individual income taxes, they represented only 16 percent of the total number of individual income tax returns reported to the IRS.

In other words, a little shy of 20% of the populace pays 80% of the individual income taxes. That sounds grossly unfair. What an enormous burden the powerful are carrying for the rest of us. Let’s hope we always have them here to support us. According to the article above, only a liberal could love this unfair saddling of the rich with the load created by the rest of us:

The Rest…HERE

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