OnThePoint commentary by Greg C. Truax airs each week on WHBO AM 1040.
By Greg C. Truax
Welcome back to OnThePoint, this is Greg C. Truax
As millions of Americans write checks to pay their federal income tax bills, President Biden and other progressive Democrats have renewed their call for wealthy Americans to pay their “fair share.”
They already are paying their fair share. Internal Revenue Service data show that the top 1 percent of taxpayers paid 45.8 percent of total federal income taxes.
According to the Tax Foundation, the bottom one half of taxpayers paid 2.3 percent of all federal individual income taxes in year 2021. And the top 1 percent of taxpayers paid more than 1 trillion dollars in income taxes, while the bottom 90 percent paid 531 billion dollars.
When you hear liberals talk about fair share, cue the laugh track.
This is Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.