The Glasshouse Report

Sunday, October 29, 2017

OMB: Top 20% pay 95% of taxes, middle class 'single digits'


By Washington Examiner, Oct. 27, 2017

Any tax cut for middle income earners will also provide a benefit for those further up the income scale, including the top 20 percent who now pay 95 percent of all income taxes, according to the director of the Office of Management and Budget.

In explaining the complicated tax system the administration and congressional Republicans are trying to simplify, Mick Mulvaney played the role of professor at Georgetown University Wednesday night and dished the eye-popping numbers and impact of a middle class tax cut.


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1 comment:

  1. This is stupid. SO if you give the middle class a lower tax rate, who says that the above X% needs to drop that percentage too? Keep them where they are and all is fine. BTW when the top 20% of the USA own over 95% of The USA, it only makes sense they should pay for over 95% of the taxes.

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