Tag Archive: Tax Policy Center


Veterans for Capitalism and The Constitution

 

 

Tax Foundation: Rich Pay Staggering Share Of Total Income Taxes

 

 

” The top 10 percent of taxpayers paid more than 70 percent of the total income tax revenue collected in 2010, according to research from the D.C.-based Tax Foundation. “That’s up from 55% in 1986,” CNN notes.

The remaining 90 percent paid just 30 percent, with 47 percent having no income tax liability.”

 

 

—-

 

Workers Making $30,000 Will Take A Bigger Hit On Their Pay Than Those Earning $500,000 Under New Fiscal Deal

 

 

” Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.

Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal. “