We all know how we’re always hearing from those on the left about how everyone needs to pay their fair share. Well if that truly is the case then how is it that that we have, in this country, more than 77 million American households who will end up not paying one red cent in federal individual income taxes this year. Half because they’ve got no taxable income, the other half because they get enough tax breaks to wipe out their tax liability.
Citing data from the Tax Policy Center, Market Watch reports, it’s an estimated 45.3 percent of American households who will get off scot-free this April 15 when it comes to their federal income taxes. And surprisingly, people in the top 1 percent of taxpayers, despite the bad rap they get from Democrats for dodging Uncle Sam, will pay a higher effective income tax rate than any other group. And yet they’re still accused of cheating.
In 2014, that rate paid by the super-wealthy was around 23 percent, or nearly seven times higher than those in the bottom 50 percent. Market Watch reports that on average, those in the bottom 40 percent of the income spectrum end up getting money from the government. This despite the fact that they paid nothing in. I’ve always been confused about how it was that someone could pay nothing in the form of taxes but could still get a refund.
Meanwhile, the richest 20 percent of Americans pay the most in income taxes, Market Watch reports, forking over nearly 87 percent of all the income tax collected. The top 1 percent, who have an average income of more than $2.1 million, pay 43.6 percent of all the federal individual income tax in the United States, Market Watch reports. And yet they are constantly being accused by those on the left of not paying their fair share.
I’ve always been a firm believer that EVERYONE should pay something in and that no one is deserving of a free ride. Paying nothing cannot be considered as being someone’s fair share. And yet, this is how Democrats have succeeded in purchasing votes from people, by telling them that are entitled to a free ride and, not only that, to be on the receiving end of all manner of freebies the costs of which left for those of us who have to pay taxes to pick up.
Look, I don’t care how much money a person makes, no one should be forced to hand over to the government half of the earnings that they have worked for. Especially when that government has demonstrated that is has virtually no interest in the proper accounting of how that money is spent. But those who are required to pay nothing aren’t bothered in the least by the amount of wasteful spending that goes on since they have no skin in the game.