Have you gotten caught up in believing the popular rhetoric about the “rich” not paying their fair share of taxes?

Quick question howard,

Have you gotten caught up in believing the
popular rhetoric about the “rich” not paying
their fair share of taxes?

Let’s look at the IRS’s own stats for 2017
tax returns (that latest year for which
data is complete).

Below are rounded-off numbers, with specific
percentages following in parentheses)

The TOP 1% of tax filers, those whose
adjusted gross income (AGI) was more
than a half million dollars), paid nearly
40% (38.47%) of ALL taxes collected.

The TOP 5% paid 60% (59.14%) of all taxes.
The TOP 10% paid 70% (70.08%) of all taxes.

Meanwhile the entire “bottom 50%”
COMBINED, paid only 3% (3.11%) of
ALL taxes collected across America.

And, due to tax Credits, many of them
are getting a refund that is greater than
the total taxes they paid-in. That, in my
opinion, is both fair and deserved.

Those between the Top 10% and the
Bottom 50% paid the remaining 27%.
Looks like a more-than-level playing
field to me.

Question:
Since YOU are running YOUR OWN
business, aren’t you HOPING that
someday YOU will become earn the
title “upper income earner?”

Just some food for thought,
Dr. Ron Mueller, MBA, Ph.D.
Small-Business Tax-Savings Coach

 

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Author: HOMEPROFITCOACH

I have been marketing online for 24 years helping people do it right with education, and list building tools and procedures. 

Author: HOMEPROFITCOACH

I have been marketing online for 24 years helping people do it right with education, and list building tools and procedures.

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