October 13th, 2011

essentialsaltes

A graph

Business Insider has provided a nice display on 'What the Wall Street Protesters are Angry About'

It's worth a read, though some of them I can't get all that upset about. What's that? Rich people are rich?

But let's turn to Figure 7


The top 20% of earners pay 64.3% of the taxes paid. That means they're paying more than three times their per capita 'fair share'.

Oh but wait, that top 20% earns 59.1% of the income. So their share of taxes works out to being 8.8% greater than their per-income 'fair share'. Woohoo! Soak the rich! Make them pay... 9% more.

Of course, those deadbeats at the bottom barely pay 54% of their fair share. Then again, they only have 3.5% of the total income. Hardly worth taking.