Filed under: Capitalism, Domestic Policy, Economy, News the Media Doesn't Want You to Hear, Statism, Taxes | Tags: More Than Their Fair Share, The Top Ten Percent, Who Pays the Taxes?
The United States of America is actually more dependent on rich people to pay taxes than any other industrialized nation.
The top ten percent of income earners in the United States pay almost half (45 percent) of the country’s total taxes. So much for Obama’s constant claim that top earners in the U.S. are not paying their “fair share” in taxes. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent.
America’s rich carry a larger share of the tax burden than the rich in Belgium (25 percent), Germany (31 percent), France (28 percent) and even Sweden (27 percent).
The statistics are from The Wall Street Journal’s Stephen Moore’s new book Who’s the Fairest of Them All?: The Truth about Opportunity, Taxes, and Wealth in America.
Can we just get over the class war, and the “fair share” crap, and talk about jobs and reducing government spending?