Dear John,
Despite the common misperception that top earners don’t pay their ‘fair share’ of taxes, in reality these households pay a disproportionately large share of the total tax bill.
A new study published by the Fraser Institute today finds that the top 20% of income-earning families pay 53% of total taxes!
The key to understanding ‘fairness’ is comparing the share of income earned by one group compared to their share of total taxes paid.
By this objective measure, the top 20% of income-earning families is the only group to pay a disproportionate share of the total tax burden compared to their share of income earned. They pay a larger share of total taxes (53.1%) than their share of income (45.7%).
Check out the full study here and be sure to share this news with your friends and colleagues.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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