A Taxing Situation

No one likes to pay taxes and most people wish that the tax laws were more “fair.”  This is a subtle way of saying, “I think I pay more than I should.”  This thought transcends all tax brackets and incomes.

The IRS recently reported on statistics from 2006 (which is scary in and of itself).  Of all the returns, the top 1% (those with the top 1% of the income) paid 40% of all taxes, but accounted for only 22% of the incomeThat’s not fair.

The top 50% of the tax filers paid 97% of all income taxes and accounted for 87.5% of all income.  That’s not fair.

As far as the bottom 50% of all taxpayers, they actually collected more then they paid.

This is what scares me.  These people can also vote.  Soon they become a majority and we taxpayers will become a minority.  Then this majority can vote for the politician who will give them the most money, knowing that the minority will pay for it.

And that’s not fair!

What do you think? Please leave a comment!