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Friday, July 31, 2009

Paying their fair share, and ours

The next time President Obama or another politician attacks the rich for not paying thier fair share of taxes, remember that the top 1% pay a greater share of federal income taxes than the bottom 95%.

This takes into account income taxes to the federal government, not state and local taxes, gas taxes, fees, and the other various ways that government takes our money, but it does show that we've greatly shifted the tax burden onto high income earners.

Hattip: Carpe Diem

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