Just as I posted the most recent post, I read the following:
The top 10 percent of earners pay nearly 70 percent of all income taxes, according to the I.R.S. People in the richest 1 percent pay 31 percent of their income to the federal government while the average worker pays less than 14 percent, according to the Congressional Budget Office.
This comes from an article by David Brooks, and I don’t think anybody here is likely to believe everything he says. I’d like to know, however, whether the claims he makes here are in any way true. Do people in the richest 1% pay 31% of their income in taxes? And if so, then why do we keep hearing about the need to raise taxes on the rich who somehow manage to wiggle out of their tax obligations?
I’m trying as hard as I can to understand how this works but such disparate claims come from the opposing political camps that nothing makes sense any more.