The above chart shows that the US Tax Code is progressive, and has become more so over time. So is it not fair to ask Obama, when he calls for the rich to pay their "fair share", to be specific and say just what percent of taxes paid would be a fair share?
Presently the top 1% pay about 37% of all income taxes. Is this not fair? If not, then what % would be fair?
" " " 5% " " 58% " " " " . Is this not fair? If not, then what % would be fair?
" " " 10% " " 70% " " " " . Is this not fair? If not, then what % would be fair?
" " " 25% " " 86% " " " " . Is this not fair? If not, then what % would be fair?
" " " 50% " " 96% " " " " . Is this not fair? If not, then what % would be fair?
And last but not least...
--> The bottom 50% pay about 4% of all income taxes. Is this not fair? If not, then what % would be fair?
The truth is that Obama's use of the phrase "Fair Share" as a phoney demagogic tool.
Just like Joe McCarthy's use a made up number of communists supposedly working in the State Department was also a demagogic tool.
Both Obama and Joe McCarthy share the same bogus tricky tactic, designed to mislead and obfuscate for partisan political advantage, nothing less.
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