[fintstone]

Originally Posted by McLovin

I hear the tax the rich thing often, and that the upper income people don’t pay their “fair share,” but is that true?
Who is paying the bulk of the taxes now?
Should be an objective answer that is easily confirmed.
(Like, how much do the bottom 25%, 50%, 90% etc pay currently).

According to an article from the National Taxpayers Union Foundation, IRS statistics show that in 2020, the top 25 percent of earners paid nearly 89 percent of all income taxes while lower income earners pay little. The bottom 50 percent of earners pay 2.3 percent of the nation's income taxes. many filers with no income tax liability either because their earnings were below the taxable threshold or due to eligibility for tax credits that reduce income tax liability. The data shows that over 61 million 2020 tax returns in 2020 paid no income taxes. 94 percent of these were filed by those with incomes of less than $50,000. Poor people don't pay a lot of taxes and they generally don't hire people and pay salaries.