Trying this again. There is no way to explain this in a sound bite or within one slide. It’s just impossible. That said, you must take the time to look at the data and share with Democrats, liberals and those who voted for President Obama.
Be better informed. I’m not trying to hide anything. I’m providing…
- Direct link to data source from the IRS 2009 figures. 2010 data is not available yet.
- The formula used to calculate the percentages. Take Column N (Total Income Tax) divided by Column J (Taxable Income) for any range or combination of ranges you choose. To make this easier, I’ve included a second graphic below with a simple version of the spreadsheet.
The average federal tax rate of the top 2.8 percent is more than double (in some cases triple) the middle class, and they are paying 50.2 percent of the federal income taxes paid!
How is that not paying their fair share?