http://www.ips-dc.org/reports/unnece...nment_shutdown
However if one were to even broach these numbers in congress he would get shouted down as a socialist. It is absolute insanity that the tax rate is this low. No other devolped country is like this, I assume that's because the adults are in control
- 15,753: The number of households in 1961 with $1 million in taxable income (adjusted for inflation).
- 361,000: The number of households in 2011 estimated to have $1 million in taxable income.
- 43.1: Percent of total reported income that Americans earning $1 million paid in taxes in 1961 (adjusted for 2011 dollars)
- 23.1: Percent of total reported income that Americans earning $1 million are likely to pay in taxes in 2011, estimated from latest IRS data.
- 47.4: Percent of profits corporations paid in taxes in 1961.
- 11.1: Percent of profits corporations paid in taxes in 2011.
This is indicative of a larger trend in American society mind you. Of course simply raising the rate on these people won't solve all our ills but it is part of the larger problem of Americas seeming need to cater to the "job creators" LOLZ.
Personally, I blame the American dream. Everyone thinks that one day they will be awash in cash, tits, and blow (2/3 aint bad) so they see these kind of measures as protecting themselves when they finally make that 1st million.
Chances are though, that won't happen so why vote against your own interest
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