The Numbers Don’t Lie-The Wealthy Are Paying More Taxes
More, more, more! So many people demand that the wealthy pay more taxes. ‘They must pay their fair share,” goes the battle cry. The question is what really constitutes a fair share? Truth be told, many of the nations wealthy pay a smaller percentage of taxes than most. However, that doesn’t mean they aren’t paying their fair share. Want proof? Then look no further than the number the IRS reported: in 2014, those who made more than $100,000 paid a combined 79.5 percent of all federal income taxes.
A closer look at the numbers from the IRS shows that more than 148 million Americans filed a tax return in 2014. Of those, 23.7 million showed an AGI of a $100,000 or more. That equals 16 percent of all tax returns. Almost all of those returns reported tax due for a combined total of $1.079 trillion in taxes, which amounts to 79.5 percent of all federal income taxes paid in 2014.
Yes, the top 1 percent, or 16 percent in this case, make a lot more money than most people, but even though they have found many ways to lower their effective tax rate, they still pay nearly 80 percent of all the federal income taxes collected by the IRS. Is that a fair share? That’s a question for each person to answer.
http://www.forbes.com/sites/kellyphillipserb/2016/05/13/americans-who-make-more-than-100000-pay-80-of-federal-income-taxes/#50015fe02f7a/
How to have More Leadership Courage – 3 Tips
How to have More Leadership Courage – 3 Tips By Mike Rogers Teamwork and Leadership Bloggings Updated: 12/19/12 Mark Twain once said: Let’s face it, being a leader is not easy. Some times it requires great courage in a very personal way. Courage is not simply one of the virtues, but the form of every…
Four Reasons People Fail
Four Reasons People Fail By JD Vaughn www.jdvaughn.com Let’s set the tone and context for this discussion. First of all, people do not go into work saying to themselves…”Let’s see, how can I disappoint my boss today.” People really WANT to deliver on our expectations of them. And when they fail, a leader is most…
3 Steps to Becoming a More Grateful Leader – Cultivate the Attitude of Gratitude
3 Steps to Becoming a More Grateful Leader – Cultivate the Attitude of Gratitude By Mike Rogers Teamwork and Leadership Bloggings Updated: 2/26/13 Having an attitude of gratitude is a leadership gift. It can have a positive impact on those you lead. People are often more motivated, for example, by those who show gratitude. In…
There’s no ‘I’ in ‘TEAM’
There’s no ‘I’ in ‘TEAM’ End internal competition today for greater success tomorrow By Mark Eaton Updated: 12/12/12 In the NBA, when anyone on the basketball team is playing for himself rather than the team as a whole, failure is eminent. In business, when anyone in the company has an ”I” mentality, it’s only a…