Thursday, December 12, 2013

The rich do not pay the most taxes, they pay ALL the taxes

link - CNBC

Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent.

You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero.