Man Shall Not Live By Facebook Alone
March 12th, 2011
Man Shall Not Live By Facebook Alone
From John Piper’s blog.
Global Warming Panic Explained
January 29th, 2011Tax the Rich, Seriously?
January 5th, 2011
Translation of above image:
The Top 1% of wage earners (those earning over $380,354) pay 38% of all individual Federal Taxes.
The Top 5% of wage earners (those earning over $159,619) pay 59% of all individual Federal Taxes.
The Bottom 50% of wage earners (those earning under $33,048) pay only 3% of all individual Federal Taxes.
For historical perspective, back in 1986, the top 1% of earners reported 11% of all income and paid 26% of the income taxes; the lower-earning 50% made 17% of the income and paid 6% of the nation’s individual income tax bill.
Thanks to Kiplingers for the info.