For those willing to face facts, thereby abandoning class war tactics and spin, the IRS data below clearly proves that the final “net tax” payout of the wealthiest Americans is extremely high.
Not just extremely tall, but proportionately much taller than everyone else, in parentheses below them. That proportion has been rising dramatically for 30 years.
Since Ronald Reagan became president in 1980, tax returns irrefutably show that the lies, spins and class warfare of Democratic politicians, loudly echoed by the state media, are blatantly false. Democrat robotic talking heads, more obsequious than ever, have also “performed” to perfection.
CALLING THE IRRESPONSIBLE – VICTIMS – THROUGH VOLUNTARY MISUNDERSTANDINGS
Most of the nanny state media practice WILLFUL MISUNDERSTANDING, to make the irresponsible in our society appear to be victims.
WILLFUL MISUNDERSTANDING, comes also, from most of the well-known comedians with the largest audiences who, if not financially illiterate, support an ever-expanding nanny state, disregarding the trillions of dollars and growing unfunded responsibilities, moving. frighteningly in the direction of Greece.
The full breakdown will show:
1. Adjusted Gross Income (AGI)
2. Percentage of total load paid at each level
3. Final average “net tax” payment in each category
Let’s take a quick look at the top 1% of taxpayers.
The top 1%, just 1.4 million taxpayers, pay 40.42% of the total burden in the amount of — $450 billion of the total amount of $1.1 trillion. In stages since 1980, the highest percentage and amounts paid by the top 1% have gone from 19% to 40%. Here is the accurate trend since 1980:
top 1%
1980 paid 19.05% of the total load
1990 paid 25.13%
2000 paid 37.42%
2007 paid 40.42%
Source: 100% Summary of IRS Tax Return Data by Tax Foundation —Latest Year Available–2007
THE POLITICAL CLASS AND ITS SUPPORTERS CREATE A SOCIETY OF NON-EXISTENT VICTIMS
Highly misleading buzzwords like disenfranchised and disadvantaged become as automatic and safe for media elites as saying their own names.
Both the PRIVATE and the DISADVANTAGED must be replaced by the IRRESPONSIBLE. or the SELF-PRINQUILED or the SELF-DISADVANTAGED
High school dropouts, single mothers, and those who don’t persist often become disadvantaged or disenfranchised, but not America.
In fact, dropping out of high school and/or becoming a young single mother, especially in adolescence, almost guarantees an unsatisfactory standard of living and, in very high percentages, leads to decades or a lifetime of dependency on the government, which has no why be in the United States? .
Census Bureau data shows that many of these government dependents receive enough taxpayer money to live comfortably, but the choices are often poor. Add to that its long-term drain on society, rather than a productive contribution to it, and America is hurt rather than helped. Voters need to assert themselves.
The most productive citizens of the United States are by far the highest taxpayers, paying a higher proportion than everyone else both in percentage and in actual dollars, much, much more.
Although the rich do not need our sympathy, because they are rich, the Tax Code is actually the most unfair to them.
This high payment, the richest payment, is an annual payment. It is a “net payment,” meaning after all deductions, credits, grants, etc. they are taken by the taxpayer, this is the amount of money from him, the government stays and spends; and that the taxpayer disburses, and no longer has.
Many uninformed voters believe that the wealthiest “get” from the government when the reality is that at the end of each year, the wealthy “pay through the nose.”
Total amount of income tax paid–All taxpayers $1.1 billion–No. of Individual Taxpayers who File a Tax Return 141 Million-Number of Those Who Actually Pay “Net Tax”–93 Million
By covering 40.42% of the total, for an amount of $450,000 million, a balance of $650,000 million remains to be paid, not much more than the $450,000 million already paid by that top 1%. The remaining 59% more is made up of 140 million taxpayers to cover this amount.
So are the 1.4 million getting away with it and carrying a staggeringly large percentage of over 40% of the total load?
The second highest paying group, representing the top 2-5%, takes a beating as the second worst
By contrast, the bottom half: 71 million strong taxpayers: the so-called poor: $32,000 a year income limit: pays a minuscule 2.89% of the burden.
This small tax payment by these 71 million is, ironically, offset by the hundreds of billions in welfare payments they receive, some through the Earned Income Tax Credit, and other misnamed “credits,” some from general welfare, beyond the amount redistributed through the tax code. IRS Publication 17 states emphatically that virtually all welfare payments are still 100% available, even to those who receive thousands upon thousands of money transfers from others through the tax code.
Higher payouts (net taxes) continue to shift toward those earning about $20,000 a year or more for many single workers and $45,000 to $50,000 or more for married couples with 2 or more dependents.
As welfare recipients, with or without jobs, move closer to becoming the majority of voters, the electorate is reaching a point where that majority can vote for themselves an even larger share of the profits of the others, than the amounts they are receiving now.
The second highest group, the top 2-5%, only pay 6 million taxpayers (20.20%) in the amount of $225 billion of the $650 billion balance, leaving $425 billion to pay the 95 %. This trend continues.
Furthermore, those who pay the most give us the most jobs, as entrepreneurs and investors, and thus contribute much more to our standard of living and greatness than the political and media elites, who contribute little more than journalistic activism to the construction of a rule of law. This group includes pencil pushers, academics, and the public school monopoly.
Below, we list in each of the six categories, the revenue, the share of the total charge, and the final “net of tax payment” for each.
Full Summary All Groups
CATEGORY 1–Highest Group of Taxpayers-Top 1%
The top 1% (1.4 million taxpayers) pay (40.42%) the amount of $450 billion of the total of $1.1 trillion, leaving only (59.58%) $650 billion to pay for the rest (140 million taxpayers).
Adjusted Gross Income (AGI) Top 1% $410,096—–and above
Final Average “Net Payment”–Top 1% Taxpayer—–$319,645
CATEGORY 2–SECOND Highest Group of Taxpayers- Top 2-5%
The top 2-5% (6 million taxpayers) pay (20.20%) the amount of $225 billion of the remaining $650 billion, leaving only (39.38%) $425 billion, to be paid by the rest (134 million taxpayers).
Adjusted Gross Income (AGI) 2-5% higher between $160,000 and $410,096
Final average “net payout”–between 2% and 5% of top filers—–$39,939
CATEGORY 3 THIRD Highest group of taxpayers 6-10% highest
The top 6-10% (14 million taxpayers) pay (10.59%) the amount of $118 billion of the remaining $425 billion, leaving only (28.79%) $307 billion to pay for the remaining (120 million taxpayers).
Adjusted Gross Income (AGI) Top 6-10 between $113,018-$160,041
Final average “net payout”–between 6% and 10% of top filers—-$8,374
THE LIBERAL TURN ATTEMPTS TO DIVERT THESE DATA WITH THE TURN ON PAYROLL TAXES
THE DATA THAT DISMISS THAT MYTH WILL BE SHOWN IN A SEPARATE ARTICLE
CATEGORY 4–Fourth highest group of taxpayers above 11-25%
The 11% above 25%–(21 million taxpayers) pays (15.37%) in the amount of $171 billion of the remaining—$307 billion. leaving only (13.42%) $136 billion, to be paid by the rest (106 million taxpayers).
The top 11 to 25% are those with adjusted gross income (AGI) between $66,532 and $113,008
Average final income tax payment of the “net payment” of the top 11 to 25% taxpayers—-$8102
CATEGORY 5–The fifth highest group of taxpayers exceeds 25-50%
The 25% above 50%–(35 million taxpayers) pay (10.52%) the amount of $117 billion of the remaining—$149 billion, leaving only (2.89%) $32 billion, to be paid by the (remaining) 71 million taxpayers).
The top 25 to 50% are those with adjusted gross income (AGI) between $32,879 and $66,532
Final average income tax payment of the top 25 to 50% taxpayers—-$3328
Top half (50%) countries 97.1% of total ($1.068 trillion)
CATEGORY 6–Bottom 50% of taxpayers
Bottom 50%: 71 million taxpayers pay a small amount (2.89%) in the amount of $32 billion
The bottom 50% are those with adjusted gross income (AGI) from $0 to $32,789
Bottom 50% Average Final Income Tax Payment—-$457
Bottom half (50%) country 2.89% of total ($320 million)