Do the Rich Pay Their “Fair” Share of Taxes? 

AOC doesn’t think so. Neither does Bernie Sanders. Neither does Elizabeth Warren. And it’s not just left-leaning politicians. Ask ten Americans if the top 1% pay their “fair share” and nine of them will say, “No!”

Do you agree?

Do you know what percentage of all tax revenues the rich pay each year?

No?

Well, this may surprise you Here are the facts…

According to the IRS:

* The top 1% pay about 40% of all taxes.

* The top 10% pay about 70% of all taxes.

* The top 20% pay about 90% of all taxes.

* And more than half of Americans pay no taxes at all.

Here are two entertaining little video lessons on this issue.

Look Who’s Trading Stocks on “Inside Information”

From the WSJ:

Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found.

More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies. That amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the Journal.

From Bonner Private Research:

These officials had what the SEC calls “inside information.” Because of their privileged positions in regulatory agencies, they had a better chance than the rest of us mortals of guessing which way the stocks would go. It is supposed to be illegal to trade on inside information. But there are gray areas. The regulators make the rules; and they’re careful to stay in the shade.

More Big Companies Leaving Chicago 

Tyson Foods will relocate about 1,000 corporate positions from the Chicago area as well as South Dakota to its headquarters in Arkansas.

Chicago has had a number of corporate departures in the last two years, including Boeing, which is moving its headquarters to Arlington, VA, and Citadel Hedge Fund, which moved its offices to Miami.

In a speech to the Economic Club of Chicago last month, McDonald’s CEO Chris Kempczinski said he plans to keep the company’s headquarters in Chicago. But he admits that the pressure to move elsewhere is mounting.

“While it may wound our civic pride to hear it, there is a general sense out there that our city is in crisis,” Kempczinski said, adding that it is becoming more difficult for the company to recruit promising employees.