Before You Hate On “Rich People,” Here’s Who Really Pays Taxes

I can think of dozens of times I trotted out the annual “Who Pays Taxes” numbers from the National Taxpayers Union on my talk show. So instead of losing the numbers into the ether, let’s take a look at them in living color.

Photo Credit: National Taxpayers Union

Simply put, the top 1% of the income earners pay nearly 40% of all income taxes. The top 1%-5% pay nearly 60% of all income taxes. The top 10% pay nearly 80% of all income taxes.

So when there are tax cuts–which Donald Trump promises to make, encourage your ‘eat the rich’ friends to spare us the outrage over how the tax cuts disproportionately help the rich. They only “disproportionately” help as much as they disproportionately hurt.