You may be yelling at your monitor “not again!” after reading this new poll.
According to a recent Gallup survey, more than two-thirds (67 percent) of Americans think corporations are not paying their fair share of taxes. Also, 63 percent of survey respondents said the wealthy are paying too little in taxes.
Meanwhile, more than half (51 percent) say the middle class is paying too much, and 48 percent believe low-income earners are paying too much.
“These findings provide insight into Americans’ basic beliefs about the tax system at a time when tax reform is a major item on the legislative agenda,” Gallup said in its survey report. “Clearly some Americans are dissatisfied with the tax system, both in terms of their perception of what others pay, and in terms of their assessments of their own tax situation.”
But the richest Americans already pay a majority of the nation’s taxes.
IRS data for 2015 found that the top one percent pay 40 percent of the country’s taxes. In 2016, the IRS found that the rich pay roughly 80 percent of U.S. taxes. Earlier this year, it was reported that the top 400 taxpayers paid as much as bottom 50 percent.
So, yes, affluent Americans are paying much more than their fair share.
Update:
Here is a great chart from the American Enterprise Institute (AEI):
Some very profitable corporations pay no taxes. Some wealthy men like Mr. Buffett pay $30 million on $3 billion in economic income. You would be a fool or a liar to suggest that this was fair.
Let’s see. US fed gov spends 4Trillion/yr. which is $12,500 per citizen. How much of your share did you pay?
Well, “TheRich” pay for those who pay nothing, and subsidies those pay less than the median of $12,500, which is 95% of the citizenry.
You have the TheRich already enslaved. Does your vicious greed have no shame?
50% of workers make less than $30,000 per year, so where are they going to get money to pay anymore in taxes. The rich pay more in taxes because they have the income to support it.
If I had $65,000 in taxable income, I would be happy to pay $15,000 in Federal Income Tax. I would still have $50,000 to live on.
As it is I have $19,600 in Taxable income and pay zero Federal Income tax and only $126 in state income tax. The bottom 50% cannot pay more they do not have it.
But, the big problem is the Federal government is spending more than they are taking in each and every year.