Monday, April 16, 2012

Most Federal Taxes Are Paid By Those Earning Over $50,000 A Year


(CNSNews.com)
According to statistics compiled from the Internal Revenue Service (IRS) by the Tax Foundation, those people making above $50,000 had an effective tax rate of 14.1 percent, and carried 93.3 percent of the total tax burden.
In contrast, Americans making less than $50,000 had an effective tax rate of 3.5 percent and their total share of the tax burden was just 6.7 percent.
The wealthy don't pay their share?
Americans making more than $250,000 had an effective tax rate of 23.4 percent and their total share of the tax burden was 45.7 percent.
One more time...We do not have a revenue problem, we have a spending problem. That problem's name is Barack Obama, vote accordingly Nov. 6 2012.

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