Geee Posted December 20, 2013 Share Posted December 20, 2013 Investors Business Daily: Redistribution: Imagine lower-income families watching their incomes drop while their tax burden goes up. Patently unfair, right? Yet it actually happened under President Obama. According to a Tax Foundation analysis of new IRS data, the bottom half of income-tax filers paid 36% more in taxes in 2011 than they did in 2010 — even though their incomes barely budged. The top half, in contrast, saw their tax burden climb only 9%. The average tax rate paid by the bottom half has climbed every year under Obama, going from 2.35% in 2009 to 3.13% in 2011. Viewed another way, the share of "adjusted gross income" earned by the bottom half fell slightly in 2011, but their share of income taxes paid actually rose — the first such increase since 1989. Yes, these are small changes to small numbers, and were driven in part by the winding down of various stimulus programs. Link to comment Share on other sites More sharing options...
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