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CBO Report Confirms Rich Already Pay Their “Fair Share”
Posted By Guinevere Nell On July 12, 2012 @ 12:03 pm In Entitlements, Taxes & Spending | 23 Comments
The Congressional Budget Office (CBO) just released  its latest estimates on the share of taxes paid by income  level, giving voters a way to check the argument that the rich do not pay “their fair share.”
You will see a lot of news on this report. What you are unlikely to see, though, are these facts from the CBO report:
So when the President and the his supporters complain that the rich are not paying their fair share of taxes, and Warren Buffett suggests another tax to ensure that they start paying more, someone should show them this government report. If the argument is that America must ensure that the rich pay, it must just be rhetoric—because they are already paying.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/07/12/cbo-report-confirms-rich-already-pay-their-fair-share/
URLs in this post:
 just released: http://cbo.gov/publication/43373
 taxes paid by income: http://www.heritage.org/federalbudget/top10-percent-income-earners
 Image: http://blog.heritage.org/wp-content/uploads/special-distribution-of-taxes.jpg
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