i'd argue that the wealthy more than pay their fair share in this country. in my previous post i'm using obama's definition of fair share.
This is for '06. I believe this is the most recent yet available but if someone has newer I'd like to see it.
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$388,806
39.89
Top 5%
$153,542
60.14
Top 10%
$108,904
70.79
Top 25%
$64,702
86.27
Top 50%
$31,987
97.01
Bottom 50%
<$31,987
2.99Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
This is for '06. I believe this is the most recent yet available but if someone has newer I'd like to see it.
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
$388,806
39.89
Top 5%
$153,542
60.14
Top 10%
$108,904
70.79
Top 25%
$64,702
86.27
Top 50%
$31,987
97.01
Bottom 50%
<$31,987
2.99Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
Exxon Mobil paid more in taxes in one year than 50% of the US working population.
there's nothing fair about a progressive tax system, especially when those at the bottom receive a disproportionate amount of government largess compared to their contribution.
They should have. They recorded record profits and trimmed their workforce at the same time. It is one of the great fallacies about the company. They AREN'T creating jobs as many think
and???? they still paid more taxes than 50% of our population, which paid for more guv'ment cheese and guv'ment jobs than we can even account for.They have trimmed jobs in other areas of the company. The jobs created by drilling won't come close to the number they have eliminated