Friday, April 10, 2015

APRIL 2015 TAX DAY COMETH ONCE UPON THE CITIZENS ALL OVER AGAIN–AS THE TOP 20% WITH INCOME OVER $134,000 PAYS FOR 84% OF THE US FEDERAL INCOME TAX AND THE BOTTOM 20% GETS THE HAND OUT FROM THE UNCLE SAMUEL JACKSON BILL–AND THE DEMOCRATS THE CHAMPION FOR HIGHER TAXES GETS TO DOLE THEM OUT ACCORDING TO THE SOCIALIST MANTRA

Meanwhile, these two tables offer a snapshot of who is paying what for the 2014 tax year.

The first gives shares of income and federal income taxes for 2014 for some 325 million Americans, dividing the population into five income quintiles of about 65 million people each.

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The second table provides further information about the top 20%, who pay more than 80% of income taxes.

http://www.wsj.com/articles/top-20-of-earners-pay-84-of-income-tax-1428674384

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