The Left is always advocating that we raise taxes on the rich. It’s common to hear them say “the rich should pay their fair share in taxes.” I agree that people should pay their fair share in taxes, which is why I oppose raising taxes on the rich. In fact, I propose that we lower taxes on the rich and raise taxes on the poor (by which I simply mean the “non-rich”). Why? It’s because the rich already pay more than their fair share while the poor pay less than their fair share. As of 2017, the top 1% U.S. income earners made 21% of the total income, but pay 38.5% of all federal income taxes. If they were paying their fair share, they would be paying 21% of all taxes, not 38.5%. In fact, the top 1% pay more in taxes than the bottom 90% combined (29.9%). Even if you widen the net to the top 50% of income earners, this group pays 96.7% of all taxes. That means the bottom 50% of income earners only pay 3% of federal taxes. While the top 1% pay an average of 26.8% of their income in taxes, the bottom 50% only pays an average of 4% (6x less).[1] Does this sound fair to you? So on what grounds can one legitimately claim that the rich are not paying their fair share, and need to be taxed even more?

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