Wall Street Protests

[BigV]

Originally Posted by TheMercenary

The wealthy pay almost all of the total tax in this country now, federal, state, and local combined.

What are the protesters seeking? There are a hundred answers to that question.

I want to say "Liar", but I'll content myself by saying "Cite".

And while you're at it, why don't you give us all *your* answer to your oft-repeated question "What constitutes 'wealthy'"?

Here's my cite.

But how many people know that households making less than $75,000 collectively paid more federal income tax than those making $1 million or more?

Or that income taxed at the next-to-lowest rate, 15 percent, brought in more government revenue than all capital gains taxes plus the two top brackets, which apply only to the top 2 percent of earners?

Or that almost half of the top 1 percent made less than $500,000? Or that five out of six made less than $1 million?

The fact is that the government relies far more on the bottom 99 percent than the top 1 percent for federal income taxes.