Taxation fact of the day

In the US, the top 1% earners now pay more of the total tax share (40.4%) than the bottom 95% earners (39.4%). So the top 1% have about 21% of the nation's wealth and pay about 40% of the nation's taxes. (Note that this trend has nothing to do with Obama; it's been a steady trend with the change actually occurring in the W. Bush presidency.)

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