Lv 6
Tim asked in Politics & GovernmentGovernment · 8 years ago

What is a "fair share"?

I am always hearing this from democrats, usually in the context that the rich should pay more. However, I have never heard what a “fair share” is. So, I ask that question now; given the facts I will lay out below, that is a fair share of the income tax burden for each class or income group?

Here is what I used. I started with the 2009 Statistics of Income (SOI) produced by the Internal Revenue Service. You can find them at irs.gov.

Adjusted Gross Income (AGI) – income before deductions, exemptions, and credits.

Tax Liability (TL) – the amount of tax actually paid (ie – the check you write to the government)

Effective tax rate (ETR) – TL / AGI

Lower class – AGI below $75k

Lower Middle class – AGI between $75k and $200k

Upper Middle class – AGI between $200k and $1m

Upper class – AGI over $1m

ETR for each class

Lower – 4.84%

Lower Middle – 10.49%

Upper Middle – 20.75%

Upper – 24.42%

Percent of total taxes collected that are paid by each class

Lower – 16.04%

Lower Middle – 33.81%

Upper Middle – 29.75%

Upper – 20.50%

Percent of total population for each class based on returns filed

Lower – 79.42%

Lower Middle – 17.78%

Upper Middle – 2.62%

Upper – 0.17%

Your answer should include the class breakdown (feel free to used other breakdowns, this is just my opinion), ETR, and your reasoning for your class and ETR breakdown.


Phineas - I live on earth, just like you, I just have a different set of perceptions and opinions. No need to be insulting. Like I said, you are free to use whatever breakdown you want. Additionally, look at the statistics again; 50% of the total income taxes are paid by the upper middle and upper classes but they account for less than 3% of the population. Sorry, but you are not answering the question.

2 Answers

  • 8 years ago
    Favourite answer

    According to Obama for everyone EXCEPT him it's 100%...

  • 8 years ago

    Which planet are you on ? 75K is definitely middle class. The median income in the US is 51000 Dollars that means that half of all the people are below that figure and half above.

    If 51000 is half way up the scale the people over 100K is less than 5% of all people. When you make 100K consider yourself upper class. The vast vast majority of people are between 30K and 80K and they have to stump up the bulk of the tax revenue.

    I happen to believe if you are in super rich catagory you should stump up more but there are not that many of them.

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