Progressive-Democrats, including their Presidential candidates, are fond of saying the Evil Rich aren’t paying their fair share in taxes; they should pay more. Those same Progressive-Democrats also carefully decline to say what that fair share should be, other than their “more.”
Here’s a graph of what those Evil Rich do pay, compared with the income those same Evil Rich earn, courtesy of the Center of the American Experiment:
Notice that. That’s even after those Evil Rich have taken all the adjustments to their top line income that our tax code allows them to take, including the Progressive-Democrats’ much disliked preferential tax treatment for capital gains and interest income.
The graph shows the rates for the top 50%. The top 10% pays a skosh over 70% of all income taxes paid Uncle Sugar, while earning only a bit under 48% of the private sector’s income.
Ninety per cent, seventy per cent—in what way are these not the Evil Rich’s fair share, much less more than their fair share? Especially compared to those bottom 50% who earn a bit over 10% of the private sector’s income, but pay only 3%?
The Progressive-Democrats won’t say. The only conclusion is that they consider the fair share to be “all of it.”