The top 1% of income earners paid 39.4 % of all taxes paid.
The top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined.
Top 50% of tax payers paid 97.3% of all taxes paid.
Because the US was taxing foreign made profits at an unrealistic rate, in addition to the taxes they had already paid in those overseas countries, many companies were moving headquarters out of this country. It had become MUCH cheaper to operate out of the US due to heavy taxes, so they did. It made overseas owned companies have a huge advantage over US owned companies in the same markets. Recent tax law changes fixed this so now a US owned company with overseas branches can stay in America. SO yes, those companies who were paying taxes twice, got relief as even the demo crats realized that killing the goose that lays the golden egg is NOT a good ideal. Continue to vote for bigger government and irresponsible spending, will always cost you more money.
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Today's Featured Article - Tractor Proflie: John Deere Model R - by Staff. The John Deere Model R, the last of the lettered tractors, was the first diesel-powered tractor produced by John Deere with a gasoline starting engine. It was also the first tractor they produced that had an optional steel cab. The photo above shows the tractor w
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