Schumer’s ‘Compromise’: No Tax Cuts

Senate Democrats save negotiating time by ruling out everything not on their agenda.

the top one percent of income earners pay more than 39% of income taxes, and the top 5% pay nearly 60%.

In 2014, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid $543 billion, or 39.48 percent of all income taxes, while the bottom 90 percent paid $400 billion, or 29.12 percent of all income taxes.

.. the top quarter of income earners, which is perhaps a reasonable definition of the “upper class,” pay nearly 87% of federal income taxes. If the party’s most hysterical class warriors want to rule out relief for the top half of U.S. income earners, then they’re talking about the group paying more than 97% of income taxes.