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Family. senate majority leader harry reid promised to vote some sometime but so far not laid out when that will be. the hold issue raises the question what is a fair share of taxes? are the rich gaining the system? getting soaked? or somewhere in between. here is national correspondent jim angle. president obama invokes tax fairness as campaign issue returning to the phrase fair share. ask the wealthiest americans to pay down the deficit and do their fair share. making sure that everybody is paying fair share. got the top 2% paid almost half of all income taxes. is that fair? senator kyl referring to official figures showing how many various income level earn of the total income compare to how much they pay of the total income taxes. for instance, i.r.s. figures show the top 1% of earners take home 16.9% of the nation s total income. but pay 36.7% of the nation s ....
Both parties are all rich, which is there there s ambivalence about the buffet rule, because they pay it. i m not in that category, by the way. have the media done their due diligence on the buffet rule? what s the figure? 36.7% of all income taxes are paid by the top 1%, and 70.5% of all income taxes are paid by the top 10%. we re beginning to hear even if the buffet rule were enacted it would still account for a small portion of one day of federal spending. i mean, i think the media are trying to wrap our little minds around the math, and they re coming up noting that this is more about politics it is about taxes. every time i hear the president say everyone should pay their fair share, i wonder about the 41% who pay no federal income tax at all. the reason that people aren t paying taxes is because they re not making a lot of money, and a ....
Both parties are all rich, which is there there s ambivalence about the buffet rule, because they pay it. i m not in that category, by the way. have the media done their due diligence on the buffet rule? what s the figure? 36.7% of all income taxes are paid by the top 1%, and 70.5% of all income taxes are paid by the top 10%. we re beginning to hear even if the buffet rule were enacted it would still account for a small portion of one day of federal spending. i mean, i think the media are trying to wrap our little minds around the math, and they re coming up noting that this is more about politics it is about taxes. every time i hear the president say everyone should pay their fair share, i wonder about the 41% who pay no federal income tax at all. the reason that people aren t paying taxes is because they re not making a lot of money, and a lot of them ....
Reagan came in as a guy who believed in trickle-down economics but he quickly learned that that just created deficits in our federal government and he had to stop it. now i see rush out there and i see other conservatives i think they re a little self-loathing when it comes to reagan. they forget about reagan s past. they blame obama for things but reagan said we should have fairness in our tax code. bill: limbaugh s bigger point not to be distracted from the daily back and forth. the bigger point the focus should be on barack obama and what he considers his dismal record of economic failure. that was the larger point he was making. on taxes however, gentleman here is what we have okay? the top 1% of americans paid 37, what is it, 36.7% of total federal personal income tax. the top 10% paid almost 71% of the total personal income tax in the year 2009. ....
You will. so is it fair. steve: let s talk a little about who actually pays taxes in this chrism we ve got a graphic right over there that shows that the president is trying to get people who are the job creators to pay more in income tax. but the top 1% pay close to 40% of all the taxes in this country. and the top 10% pay 70%. and eric, about half pay zero. eric: keep that up there for a second cause that top 1% not only accounts for 36.7% of all taxes paid, if you add in the 4045 or 46% of the people households who don t pay tax, that 1% pays the same amount as 95% of the bottom half. so if you go from the bottom up to 95% of the people in america, that 1% is paying the same amount of taxes. steve: the president how is that fair? it s not. the president has been using warren buffet because he says he pays less in taxes than his secretary. but when you look at the facts ....