Why does BO not tell "we the people" the facts and post the actual dollar amount of Taxes paid by the Millionaires & Billionaires. There is not enough room on this post for all the zeros; so you will have to do the math. Very easy to find the amounts with a search. "Who Pays the most US Taxes". Buffet says "he pays less taxes than his secretary." OK Mr. Buffet why don't you give your empoyees a much needed RAISE? #game over!
According to the Office of Tax Analysis, the U.S. individual income tax is "highly progressive," with a small group of higher-income taxpayers paying most of the individual income taxes each year.
- In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.