So Mike, always being the good citizen trying to keep us centered, talked about a recent comment by President Biden regarding taxes. Of course Biden is constantly saying the wealthy should pay their "fair" share. I guess in the technical sense, what is "fair". We'll, here is the latest from the IRS. And these are PAID taxes, not estimates.
The top 1% of wage earners pay 42% of the total income tax base. the top 1%is classified as a person making $550,000 annually
The top 5% - 62% those making $220,000
So where are we at?
the BOTTOM 50% of wage earners pay only 2% of the income tax base.
What does all this mean? It means most of us live here in the good old USA don't get taxed, or taxed very little. Now this of course does not include sales taxes, gas taxes, etc. This in only income tax.
So when you or you hear someone whining about paying their taxes, set them straight.