So we have discussed often how the top 1% pay 42.3% of Federal income tax. So how much of all income did the top 1%
earn? Ugh that would be 22.5% So they paid double their fair share.
B-B-but what about the top 5%
68%. of taxes and 35% of revenue
So those of you saying the rich don't pay their FAIR share you are correct.
Oh yea on a related tax subject. Regarding those pesky Trump tax cuts. Not only did the share paid by he rich go up
a seldom discussed feature was repatriation. CBO forecast companies would repatriate $400 billion. the actual number was $1.7 trillion. Carry on!!
earn? Ugh that would be 22.5% So they paid double their fair share.
B-B-but what about the top 5%
68%. of taxes and 35% of revenue
So those of you saying the rich don't pay their FAIR share you are correct.
Oh yea on a related tax subject. Regarding those pesky Trump tax cuts. Not only did the share paid by he rich go up
a seldom discussed feature was repatriation. CBO forecast companies would repatriate $400 billion. the actual number was $1.7 trillion. Carry on!!
