Posted 8 years ago on Nov. 22, 2011, 12:44 a.m. EST by nuclearradio
This content is user submitted and not an official statement
If a poor man works 80 hours a week at two $15,000 a year jobs and pays no federal income taxes, but still must pay all other federal, state, and local taxes, he has paid on average 3300.00 or 11% of his income in taxes.
If a rich man makes $218 million a year working a 25 hour week as a CEO and pays hefty income taxes, he has paid on average $17440000 or 8% of his income in taxes.
Yes it's true that the rich man has paid more taxes than the poor man, but both the percentage of taxes paid and the suffering he has had to undergo to pay them is significantly less. The poor man spent his last dime caring for himself and his family. The rich man can spend $10 million a year on himself after taxes and still have more than $190 million dollars to save.
Saying that the "rich pay more than the poor do in taxes" and implying that they shouldn't have to is a specious claim in light of the fact that they pay less tax as a percentage of their income.
As a society, we need to share our government's financial burden equitably, with respect to each person's ability to pay.
To those people who question the validity of this study or its relevance to those making hundreds of millions or billions: