Top 1 percent paying their part | AspenTimes.com
YOUR AD HERE »

Top 1 percent paying their part

Our nation’s tax code is already very progressive. It needn’t be confiscatory. High earners already pay more than their fair share of our nation’s tax burden.

According to the Tax Policy Center, a leading non-partisan public policy group, America’s top 1 percent of taxpayers will likely contribute 87 percent of all federal tax revenue in 2018, up from 84 percent in 2017. The bottom 60 percent of taxpayers, with an income of less than $86,000, will likely pay no federal income tax. (Source: https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001.)

So, please stop publishing nonsense like this: “If the 1 percent just paid their fair share, we could wipe out poverty, provide comprehensive health care, and free education through four years of college. What’s a fair share? Everything but the bare essentials. The 1 percent doesn’t deserve, hasn’t earned or, most importantly, doesn’t need any more.”

It’s time we start showing some gratitude to our nation’s breadwinners and start asking of ourselves: “Not what our country can do for us but what we can do for our country.”

John Hornblower

Snowmass Village


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User