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[essentialsaltes]

Business Insider has provided a nice display on 'What the Wall Street Protesters are Angry About'

It's worth a read, though some of them I can't get all that upset about. What's that? Rich people are rich?

But let's turn to Figure 7


The top 20% of earners pay 64.3% of the taxes paid. That means they're paying more than three times their per capita 'fair share'.

Oh but wait, that top 20% earns 59.1% of the income. So their share of taxes works out to being 8.8% greater than their per-income 'fair share'. Woohoo! Soak the rich! Make them pay... 9% more.

Of course, those deadbeats at the bottom barely pay 54% of their fair share. Then again, they only have 3.5% of the total income. Hardly worth taking.

Comments

[donovan k. loucks (from livejournal.com)]

It's much more interesting at the very top. The despised "1%" that the protestors hate so much make 14% of the money but pay an astonishing 40% of the taxes. So, those people are paying nearly three times their "fair share". It's true that there are anecdotal instances of some wealthy people not paying what they "should" (such as Warren Buffett), but they're obviously the exception, not the rule.