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Top 20% of Income Earners pay 84% of Income Tax

#17

Quote:The disparity between the "haves" and the "have-nots" has been growing, and it did grow under the Bush Administration, but the point is, it accelerated under the Obama Administration.

 

Consider this.  My income has been pretty steady between 2008 and now, despite changing jobs a couple of times (I am a Government Contractor, so my income depends on which contract I am working on).  I have received periodic cost-of-living raises during that period.  However, my income tax burden has increased in that period.  During that period and thanks to Obamacare, I had to purchase a "compliant policy" rather than what I had in order to avoid being penalized.  That has led to a reduction in my effective take home pay.  Health insurance policies aren't cheap, and because of my income I don't qualify for any subsidies.

 

The strategy of the right includes cutting taxes for people like me, what you call "rich".  If you look at the chart that I linked to in the first post, I am not far from being in the upper 20% of income earners.  As I said before though, I am far from what I would consider "rich" when it comes to income or money.
Their cuts do not seem to go down very far in a way that effects the middle class. It seems like they have succeeded in changing the definition of middle class. I consider myself middle class and have heard of no right wings proposals to lower my tax burden at all. 

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Top 20% of Income Earners pay 84% of Income Tax - by boudreaumw - 04-14-2015, 05:48 PM



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