by chr1984 on January 15th, 2012

chr1984

Question

Help answer this question below.

why pay taxes the top 1 % dont

  • Like
  • Report

Answers. 10 helpful answers below.

  • by Cruiser on January 17th, 2012

    Cruiser

    We do too! Lots of them too! 40% of my income is going to Federal and State Taxes this year!

    • Like
    • Report

    No comments. Post one | Permalink

  • by NotSuspiciousAtAll on January 15th, 2012

    NotSuspiciousAtAll

    Most of them do, actually. Just a lot less than they probably should. Taxes pay for important government services and you can get sent to prison for non-payment. It is therefore a good idea to pay them. It's really not that much anyway.

    • Like
    • Report

    3 comments | Post one | Permalink

  • by Pheasant on January 17th, 2012

    Pheasant

    They do. The bottom 47% don't pay income taxes.

    • Like
    • Report

    No comments. Post one | Permalink

  • by TheGrimReefer on January 17th, 2012

    TheGrimReefer

    Most tax is paid by the upper class.
    Also, they tend to be literate.

    • Like
    • Report

    No comments. Post one | Permalink

  • by GibsonGuy on January 19th, 2012

    GibsonGuy

    My tax rate is 35%. Mitt Romney's is 15% I suppose that seems fair to some people but not me. Income from investments is taxed at 15% so hedge fund managers and people rich enough to own millions in stocks, pay less than half. Plus they buy a few politicians along the way so their protected tax status remains in tact. Anyone who thinks this is equitable must be rich or is unconcerned about the national debt.

    No comments. Post one | Permalink

  • by Anonymous on January 17th, 2012

    Anonymous

    Nonsense.

  • by Swami_Rick on January 19th, 2012

    Swami_Rick

    With your education, the tax money has been wasted.

    No comments. Post one | Permalink

  • by Mr. Black on January 17th, 2012

    Mr. Black

    http://billmoyers.com/segment/jacob-hacker-paul-pierson-on-engineered-inequality/#.TxNxXM0K9ck.facebook These guys do a way better job of it than anything you can get on here.

  • by thatsJustme on January 15th, 2012

    thatsJustme

    yes , they do...they pay taxes that the 99% do not have to..corporate tax,etc....they just pay the same taxes as we do and then some....

  • by Hardcore Conservative on January 17th, 2012

    Hardcore Conservative

    The top 1% paid almost 40% of the federal income tax and earned only 17% of the income.
    *income average $380,000 - average tax rate = 24%

    The top .01% paid almost 18% of the tax and earned only 7% of the income.
    *income average $4.4m - average tax rate = 24.3%


    The top 5% paid almost 59% of the tax and earned only 32% of the income.
    *income average $159,000 - average tax rate = 20.5%

    The top 10% paid over 70% of the tax and earned 43% of the income.
    *income average $112,000 - average tax rate = 18.1%


    Source : The Tax Foundation

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

You're reading why pay taxes the top 1 % dont

Follow us on Facebook!

Related Ads

ANSWERBAG BUZZ

Pay tax on 159 000