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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (33781)	11/8/2012 11:26:18 PM
From: bentway	Read Replies (1) \| Respond to of 85487

To: JBTFD who wrote (33781)	11/9/2012 9:48:46 AM
From: longnshort	2 Recommendations Read Replies (1) \| Respond to of 85487

From Ronald Reagan to Barack Obama, the tax code has been tweaked and the economy has had its ups and downs, and the share of federal taxes paid by the top 5% and the top 1% has risen faster than their share of income: In the 1980s, the top 5% averaged 22.6% of income and paid 28.5% of taxes. In the 1990s, the top 5% averaged 25.3% of income and paid 34.3% of taxes In the 2000s, the top 5% averaged 28.4% of the income and paid 40.3% of the taxes.

To: JBTFD who wrote (33781)	11/9/2012 2:26:04 PM
From: TimF	Read Replies (1) \| Respond to of 85487

I was making a factual statement not a judgement on it. The left claims the rich don't pay their share, and even claim they pay less than others, when in fact they pay a lot more. Are the rich paying more now than they were in the 60s when tax rates were much higher, or not They are paying a larger percentage of the income tax and total federal tax burden, and a lot more in real dollars for both income taxes and all federal taxes, so yes they are paying more.