Top 1% of taxpayers pay as much as the entire bottom 95%
In case you were dumb enough to fall for Obama's line that the rich aren't paying their "fare share," here's proof that the top 1% of income earners pay as much in federal income taxes as the bottom 95%. Feeling pretty stupid? You probably should have stayed home on Election Day.
Tony Phyrillas is the editor and content manager of The Mercury, a two-time Pulitzer Prize-winning daily newspaper in Pottstown, Pa. Phyrillas has won national and state awards for political commentary, including first place for column writing in 2010 by the Pennsylvania Associated Press Managing Editors. Phyrillas has been featured on National Public Radio and The New York Times and is a frequent commentator on radio and television programs. He co-hosted 'Talking Politics with Tony Phyrillas & Mike Pincus' on WPAZ 1370 AM from 2008 to 2009.
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