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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 741390  
Subject: Re: Mr. President, the worst thing you've done.. Date: 1/12/2013 2:02 PM
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Edith :"
The highest marginal tax rate now is what, 35%? And with "loopholes and such" the wealthiest are still paying far less. What was the one that Mitt did disclose? 14%? "

Actually, if you look at tax collections, the 'rich' paid a signficantly less portion of the total tax take when rates were 90%.

Back in the 60s, they paid about 60% of all taxes collected.

Now, with lower tax rates, they pay about 80%of all taxes and the top 10% pay 90% of all taxes collected.

back in 1960, almost NO ONE paid zero income taxes! now, almost 50% pay no income taxes!....

YOU ARE WAY OFF BASE


The percentage of taxes paid by the rich has gone up by 50% in 50 years!


t
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