Obama Campaign - "If I Wanted America To Fail"

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Daily Devotions


If you support our national security issues, you may love and appreciate the United States of America, our Constitution with its’ freedoms, and our American flag.

If you support and practice our fiscal issues, you may value worldly possessions.

If you support and value our social issues, you may love Judeo-Christian values.

If you support and practice all these values, that is all good; an insignia of “Wisdom” . - Oscar Y. Harward

Monday, July 25, 2011

Top 50% Pays 97% of All Federal Income Taxes

The U.S. income tax system is highly progressive. The top 1% of income earners, by household, paid more than 39% of all federal income taxes in 2005, the top 10% paid more than 70%, and the top 50% paid almost 97%, whereas the bottom 50% paid a little over 3%. Further, 32% of all tax returns filed in 2005 were from people who paid no federal income tax at all.

The chart below (click to enlarge) shows graphically the levels of household income earners, and their proportion of the federal income tax in 2005:

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