re: April 15 is coming. 45% of the population doesn't care.

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pisses me off that I paid the feds $25k last year and that still wasn't enough

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This statement makes it seem "less" of an issue than it is. Many in the top 1% do not make close to 2.1 million a year, yet they are helping pay that 43.6% of all taxes.

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Yet they own 80% of the wealth. Just to, you know, reinforce what we already know.

Also, btw bub, statistically that means there's a roughly 1:2 chance that you're in that bracket that pays nothing. Also, statistically, you've got a roughly 1:30,000,000 chance at becoming those people you're trying to protect right now.

So yeah, we can play the math game all day. You still lose, your point still sucks.

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Some of the largest entitlement programs along with corporate welfare

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No use in working a few hours here or there where you can because they'll just take it from your benefits. If you can't get over the threshold, there is no point in even trying to get close.

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The reality is that the income tax is one of a number of types of taxes that individuals pay, both over the course of their lifetimes and in a given year, and it makes little sense to treat it as though it were the only one that matters. Some 86 percent of working households pay more in payroll taxes than in federal income taxes. In fact, low- and moderate-income people pay a much larger share of their incomes in federal payroll taxes than high-income people do: taxpayers in the bottom 20 percent of the income scale paid an average of 8.8 percent of their incomes in payroll taxes in 2007, compared to just 1.6 percent for taxpayers in the top 1 percent of the income distribution 

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One In Four American Millionaires Pay A Lower Overall Tax Rate Than That Faced By 10.4 Million Middle-Income Americans. From the Congressional Research Service: “The results of this analysis show that the current U.S. tax system violates the Buffett rule in that a large proportion of millionaires pay a smaller percentage of their income in taxes than a significant proportion of moderate-income taxpayers. Roughly a quarter of all millionaires (about 94,500 taxpayers) face a tax rate that is lower than the tax rate faced by 10.4 million moderate income taxpayers (10% of the moderate-income taxpayers). Tax reforms that are consistent with the Buffett rule would likely include raising tax rates on capital gains and dividends. For example, the President has proposed allowing the 2001 and 2003 Bush tax cuts to expire for high income taxpayers and taxing carried interests of hedge fund managers as ordinary income as tax reforms that observe the Buffett rule. Research suggests that these tax reforms are unlikely to affect many small businesses or to deter saving and investment.” [Congressional Research Service via House.gov, 10/7/11]

400 Wealthiest Americans Paid Average Income Tax Rate Of 18.11 Percent In 2008. From the Center for American Progress: “The average federal income tax rate of the richest 400 people in the country in 2008 was 18.11 percent. In 2007 it was 16.62 percent. That is only a little more than just the payroll tax on wages—normally 15.3 percent on a worker’s first $106,800 in wages, counting both the share that workers pay directly and the share their employers pay, which comes out of their wages—let alone the federal income tax on those wages. The tax rates paid by the ‘Fortunate 400’ have plummeted since the mid-1990s, when their average effective rates were about 30 percent.” [Center for American Progress, 9/20/11]In 2005, Wealthiest 1 Percent Paid Less Than 20 Percent Effective Income Tax Rate. From the Congressional Budget Office: “CBO’s previous estimates show an effective individual income tax rate of 19.4 percent in 2005 for the 1 percent of the population with the highest income. There was little variation among subgroups in the top 1 percent, except for people in the top 0.01 percent, whose effective individual income tax rate was 17.0 percent in 2005. That lower rate results from the combination of a large share of income (44 percent) from capital gains among households in that group in 2005 and a lower tax rate on capital gains than on other income.” [CBO.gov, December 2008]

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