Death and Taxes, Minus Death

I heard a stastic today I found very interesting.

The IRS is showing that 20% of the American population is paying 80% of all taxes.

Think about that:

• The top 1% income brackets are paying almost 50% of all taxes.
• The top 10% are paying almost 65% of all taxes.
• The top 20% are paying almost 80% of all taxes.

Remember that the next time you hear about how tax cuts are going to the rich. Almost all tax cuts HAVE to go to the rich... they're the only ones paying for almost ALL of the taxes.