How the Tax Code is Skewed in the 1%'s Favor

A member of Patriotic Millionaires for Fiscal Strength explains why the 99% get shafted by tax policy.

 

Although relatively straightforward to analyze, the issue of whether the rich pay their fair share in taxes has become mired in confusion. Much of the confusion stems from two facts which everyone acknowledges: First, the rich pay a (somewhat) larger share of total taxes than any other group of income earners; and second, they pay more proportionally on the federal level—but only on the federal level—than other groups. Despite these two facts, the overwhelming weight of evidence strongly suggests that, at this time, the rich do not pay their fair share and should pay more.