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Reply to ". Tax policies aimed at the rich give 400 billion to the wealthiest Americans."

quote:
Originally posted by MOBY:
quote:
Originally posted by b50m:
ith the wealthiest 1 percent of taxpayers paying roughly 33.7 percent of income taxes and earn just 16.5 percent of income, it's hard to argue they're not paying a fair share by any reasonable definition of "fair."


Is that income gross income or taxable income (after deductions, shelters, etc)?


The wealthiest 1% own 40% of the nations wealth. The top5% own 60% of the nations wealth. The top 20% own 80% of the nations wealth.

The bottom 20% own less than 1% of the nations wealth.

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