New CBO study shows that ‘the rich’ don’t just pay their ‘fair share,’ they pay almost everybody’s share » AEI

But the major finding of the CBO report is that the households in the top income quintile are the real “net payers” of the US economy. The average household in the top one-fifth of American households by income paid $57,500 in federal taxes in 2011, received $11,000 in government transfers, and therefore made a net positive contribution of $46,500. The second-highest income quintile basically just barely covers its transfer payments, so it’s really the top 20% of “net payer” households that are financing transfer payments to the entire bottom 60% AND financing the non-financed operations of the entire federal government.

via New CBO study shows that ‘the rich’ don’t just pay their ‘fair share,’ they pay almost everybody’s share » AEI.

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