Who Pays for Government Spending?

October 26, 2009

Ross Perot has an interesting site on federal government spending and borrowing. The following chart illustrates that the top income earners pay the vast majority of income taxes. The bottom 50 percent contribute only 2.2 percent of income taxes. This makes it easy for the Left to portray any income tax cut as benefiting the “rich”. What they fail to mention is that the top earners provide the investments that create jobs and opportunities for everyone who wants to succeed. Diverting more and more of this income to government spending robs us of the creativity that has made America great and makes more Americans dependent on government. More and more voters pay no income tax yet get to impose more tax burdens on the top 50 percent by voting for Democrats. This is the goal of the current administration.

taxation10 640 Who Pays for Government Spending?

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