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The rich pay almost all federal income taxes

 

Last updated 1/27/2018 at Noon



How many times have I heard said, “The rich need to pay their fair share?” But they already pay almost all of the federal income taxes while the “poor” receive government checks. A quick check with the Congressional Budget Office reveals that the top 20 percent of wage earners pay over 90 percent of all federal income taxes while the bottom fifth get more from the federal government than they pay to it. Normally around 45 percent of adults pay no federal income taxes. The top 40 percent normally pay it all. This division does not change in the new Trump Tax Plan.

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