Rhetoric or Facts?

Image by Gerd Altmann from Pixabay
On the Point commentary by Greg C. Truax
Who really pays the bulk of individual federal income taxes?
I ask that question because the Democrats presumptive presidential nominee Joe Biden recently said we’re “asking the wealthiest Americans to pay their fair share.” 
 Let’s look at the facts.  The latest IRS figures show us  this:  the top 1 percent of taxpayers paid 38.5 percent  of all federal individual income taxes. The top 50 percent of taxpayers paid 97 percent of those taxes.
Contrary to VP Bidens rhetoric, the facts clearly show us two things. One, the highest income earners already pay the most. And two, the U S already has a very progressive individual income tax.
Greg C. Truax is a documentary filmmaker and publisher of AliveTampaBay. His On the Point commentaries air each week on WHBO 1140 AM.

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