How the Bottom 20% Lives – On Your Taxes
Photo courtesy of WETM / Screenshot from YouTube
Despite Democrat claims about the rich not paying their fair share, IRS data shows that the top 20% of earners pay more than 65% of all federal income taxes, while the bottom 20% pay effectively nothing, receiving more in benefits than they are paying in taxes.
According to data from the Congressional Budget Office (CBO) and the U.S. Census Bureau, the bottom 20% of U.S. income earners (households in the lowest income quintile) receive a significant portion...