According to a new book by the Wall Street Journal’s Stephen Moore the top ten percent of income earners in the United States pay almost half (45 percent) of the country’s total taxes.


Kerry Picket at The Washington Times reported:

The Wall Street Journal’s Stephen Moore has just come out with a new book titled Who’s the Fairest of Them All?: The Truth about Opportunity, Taxes, and Wealth in America and he reveals some interesting information about how much the top ten percent of income earners in the United States pay in federal income taxes as opposed to any other industrialized nation in the world.

According to Moore, these earners pay almost half (45 percent) of the country’s total taxes. This conclusion flies in the face of the liberal concept that top earners in the U.S. are not paying their “fair share” in taxes. Moore explains:

“The United States is actually more dependent on rich people to pay taxes than even many of the more socialized economies of Europe. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent. America‚Äôs rich carry a larger share of the tax burden than do the rich in Belgium (25 percent), Germany (31 percent), France (28 percent), and even Sweden (27 percent).”

Moore also delves into what the “47 percent” of America actually pays and receives from the federal government and that the perception that the middle class is shrinking is a myth. In fact, the actual trend has been an upward mobility and a better standard of living for the middle class and lower income earners in the last 25 years.

Of course, Obama’s economic plan is based on taking more from the rich.

 

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  1. The “rich” pay more in taxes in the US because the “rich” have a higher share of income in the US. The top 10% in Sweden, a country most US conservatives would label as socialist, pay 27% in taxes. But then, they have the lowest Gini Index (a measure of income distribution) of any country, at 23. The US, at 45, is almost double that, indicating a concentration of net income at the top. No other country on that list is as top-heavy, when it come to income distribution.

  2. The chart is wrong because the top 10% of the US earners pay close to 70% of federal taxes. They *earn* around 45% of the income. http://taxfoundation.org/article/summary-latest-federal-individual-income-tax-data-0

  3. The lefty Soros funded & paid trolls spewing the left’s talking point poster here should ask why the Nazi kapo murdererof Jews & Gypsies doesn’t pay US taxes on his billions parked offshore . The left’s hypocrisy and wrong grasp of facts and reality is beyond fathomability.
    I wonder why Soros won’t go to France where he is a convicted felon awaiting jail.

  4. #21…the income in the united states is earned not distributed. why is it bad for millions of people to earn a LOT of money but it is good if a few thousand leftist politicans confiscate ALL of the money? especially if your concerned about a concentration of wealth in the hands of a few.

  5. As a Canadian, I wish to send a nice warm welcome to the 1%’ers and offer that they move to Canada.

    We will be more than happy to let you keep your money and all you need to do move your business here to Canada. We happen to like corporations up here and love the jobs that they provide.

    A fair trade I would think.

    Warmest regards,

    One of the 53%’er.

  6. #13 October 10, 2012 at 12:50 am
    David commented:

    Cite? In detail, please.



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