Top 20% of Earners Pay 84% of Income Tax #WSJ
Posted By RichC on May 8, 2015
The bigger the federal government grows and the longer the tenticles reach into business and personal lives, the slower our country grows. What will it take for Americans to recognize that our country grows and lifts every citizen when the ambitious and innovative are not thwarted by Uncle Sam at every turn? Besides limiting the Federal government and reducing their size and ever growing tax needs, we need to prevent politicians from dividing citizens into adversarial groups — those who pay the taxes vs those who only reap benefits.
A couple centuries of exceptionalism did not happen because we tried to be more like Europe or socialist countries … it happened because we embraced the individual and protected an individuals rights. This freedom gave Americans in prior generations the ability to build, compete, innovate and better their lives and their family’s lives. This dream is now much more difficult to achieve, not because competition is more difficult, but because the hurdles and tax bite no longer make the risk worth the reward in many traditional entrepreneurial pursuits
And the bottom 20%? They get paid by Uncle Sam. We compare tax burdens as Tax Day approaches.
Source: Top 20% of Earners Pay 84% of Income Tax
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