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

Judge for yourself:

* The top 1% of income-tax filers in 2022 earned 20% of total earnings but paid 40% of all tax revenue the IRS collected.

* The top 10% of income-tax filers in 2022 earned 27% of total earnings but paid 70% of total tax revenues the IRS collected.

* The top 25% of income-tax filers in 2022 earned 60% of all income but paid 88% of total tax revenues the IRS collected.

* While the bottom 50% of income-tax filers in 2022 earned 70% of all but about 12% of total earnings but paid only 4% of total tax revenues the IRS collected.

Note: These figures overstate the actual income-tax burden shouldered by the bottom 50%, because “refundable” credits paid to those with no tax liability are treated as spending and aren’t reflected in the IRS numbers. This means tens of millions of Americans have income-tax rates that are effectively negative. That is, they get what amounts to a welfare check from the government.

Click here.