Someone did an informal survey of people on the street, asking how much of the whole pool of income taxes are paid by the rich. Answers ranged from "no idea," to 20%, to 40%. But almost no one seems to know. It's just not in the nightly news sound bites.
But the Congressional Budget Office has answered that question (based on IRS and Census Bureau numbers), as CNBC reported last December:
"[W]hen it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes.
"The bottom 40 percent...pay negative 9 percent. You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero." That means that they get more from the government than they pay in.
Now you know.
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