“Their Fair Share” — In Screenshots

The top 20% of earners pay about 66% of all Federal Income Tax:

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https://www.taxpolicycenter.org/statistics/overview/tax-burden

Federal Receipts as Percent of Gross Domestic Product:

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“Historically, since the end of World War II, federal tax receipts as a percentage of gross domestic product averaged 17.9%, with a range from 14.4% to 20.9% between 1946–2007.” Also see Hauser’s Law

U.S Individual Income Tax: Tax Rates for Regular Tax: Highest Bracket:

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https://fred.stlouisfed.org/series/IITTRHB

U.S Individual Income Tax: Tax Rates for Regular Tax: Lowest Bracket:

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https://fred.stlouisfed.org/series/IITTRLB

High earners pay more of federal taxes:

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http://www.crfb.org/blogs/cbos-analysis-distribution-taxes

The Millionaire Next Door :

Income:

Housing:

Savings:

So the next time you hear someone on their soap-box preaching about doubling the top marginal tax rate just remember who is going to pay it (no one) and what it actually means to be “wealthy” in the US. Before waxing poetic about the “good ole’ days” of 90% marginal rates, step back and actually think about what it means, mathematically, not romantically.

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