*sigh* Cited before but that would require you to actually open the links and read.
The ONLY evidence that the super rich pay less in taxes is related to capital gains taxes. Something all of you will want when you have options or RSUs or make a profit on the sale of a home.
So, here we go. These are articles that took less than 5 minutes to find. Do you need more?
The latest data show that a big portion of the federal income tax burden is shoul*dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per*cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes.
http://www.american.com/archive/200...zine-contents/guess-who-really-pays-the-taxes
http://www.chicagotribune.com/busin...ly-do-pay-more-taxes-20110920,0,3645513.story
This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.
Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes.
Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.
http://money.cnn.com/2011/05/09/pf/taxes/millionaires_income_tax/index.htm
Those who say the rich pay their fair share point to the fact that the top 1% of taxpayers end up paying almost as much in federal income tax (and some years even more) as the bottom 95% combined.
http://www.craigsteiner.us/articles/9
IRS data shows that in 2004, the richest 50% of the taxpayers paid 96.7% of all income taxes. From 1986 to 2004, the share paid by the richest half increased from 93.5% to 96.7%, and the share paid by the richest 1% increased from 25.75% to 36.89%. At the same time, the amount paid by the poorer half decreased from 6.5% in 1986 to 3.3% in 2004. While the poor's contribution was cut in half, the richest Americans saw their contribution increase by nearly 50%. When you get past the propaganda, for the last two decades the rich have been paying more and more while the poor have been paying less and less.
http://www.realclearmarkets.com/articles/2008/04/the_rich_and_their_taxes.html
As Internal Revenue Service data demonstrate, the rich are getting wealthier, but they are also paying a steadily increasing share of the federal tax burden. Over 25 years, in fact, the percentage of the federal income tax bill paid by the wealthiest Americans has doubled, even as it has shrunk for all others. We are rapidly becoming a society in which a very few pay the greatest part of the cost of government, and everyone else enjoys the benefits. And many people, from our Democratic presidential candidates to members of Congress, want to make it even more so.
The fallacy of the "rich' being those two income families earning more than $250,000
http://www.forbes.com/sites/janetno...rich-are-different-they-pay-a-lower-tax-rate/
As I point out in a story in the new Forbes 400 issue, thanks to the 15% tax rate on long term capital gains, the 400 highest earners pay a lower effective federal income tax rate than ordinary rich folks. In 2007 (the last year the IRS has published data for) the 400 derived two thirds of their average adjusted gross income of $345 million from capital gains and paid an average effective rate of just 16.6%. Taxpayers earning $1 million to $5 million, who get more of their income from salary and other “ordinary” income taxed at a top 35% rate, paid an effective tax rate of 24%.
http://www.dispatch.com/content/sto...9/21/rich-pay-lower-tax-rates-not-really.html
The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office.
http://www.cleveland.com/business/index.ssf/2011/09/on_average_the_rich_pay_much_m.html
"Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that." The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
http://www.redstate.com/nickottens/2011/04/15/should-the-rich-pay-more-in-taxes/
As a result, in 2008, the top 1 percent of American income earners paid 38 percent of all federal income taxes. The top 5 percent that year paid 58 percent. According to statistics from the Organization for Economic Cooperation and Development, America has actually the most progressive income tax system among industrialized nations!
http://www.startribune.com/opinion/otherviews/119094459.htmlJust 10 percent of taxpayers (households with incomes above $129,567) paid 56 percent of all income taxes collected.But that's not all: They also paid "27 percent of the consumer sales tax, 27.5 percent of the gross homeowner property tax, and 29.5 percent of business taxes," according to the study. In fact, the top 5 percent of income earners paid almost as much in income taxes as did the bottom 90 percent. Moreover, those in the bottom 20 percent -- far from incurring any income tax liability -- actually received government checks totaling more than $40 million in refundable tax credits. The story isn't any different nationally. The Tax Policy Center estimates that the bottom 45 percent of households have been removed from the federal income tax rolls entirely.
http://www.lvrj.com/opinion/more-the-rich-don-t-pay-taxes-nonsense-130337738.html
On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, both in total dollars and as a percentage, according to private and government data. The 10 percent of households with the highest incomes pay more than 70 percent of federal income taxes, according to the Congressional Budget Office. This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes, while households making between $20,000 and $30,000 will pay 5.7 percent.
