Mitt Romney and his fellow conservatives claim that 47% of Americans don't pay taxes. The graph below tells another story. It shows the total taxes paid as a percent of income. The tax system is slightly progressive. The highest income group pays 1% more of their income in taxes than the national average. That is because the income tax system is progressive and they earn more of the income. They pay a smaller share of social security taxes because no taxes are collected on income over $108,000, and only wage income is taxed. There is no Social Security tax on capital gains, interest income or dividends. Social Security revenues are around the same as those collected through the income tax. All wage earners pay the 15.6% social security tax.
The GOP gets away with their claims about taxes because most Americans no very little about the tax system. You can have a interesting conversation with your conservative friends by showing them the breakdown on taxes provided in this link.
Thanks to sharing a good concept to know about the USA tax process. It's sharing a well idea which types of taxes pay on USA government and that's give a good review to pay various types of taxes.
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Thanks Cedric. Governments do two big things. They raise money from taxes and they spend it. Every citizen should have a simple chart that shows the sources of tax revenue and another chart chart that shows how the tax revenues are spent by governments. Unfortunately, it is easy for politicians to make false claims that are believed by gullible, and misinformed citizens.
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