What is Occupy Wallstreet?

[kandrathe]

That income tax chart shows perfectly how unfair our tax system is for the middle class. Someone in the middle class, id assume somewhere in the 4th 20%, pays almost the same percentage of their income as someone in the top 1%. Disgusting. And people wonder why there are protests....that chart is telling.

The 4th quintile are those between $59,486 to $103,465. Yes, yes. Tax justice for the upper middle class! Huh?


In 2011, 46.4 percent of tax filers will have no federal income tax liability.

24,000 of the top 1% (1.9%) of income earners had zero tax liability (by using legal means, such as tax free federal or municipal bonds, or offsetting prior years losses). It's not socialist to expect them to pay their fair share, but it's also kind of a red herring. Other than a sense of justice served, I'm not sure what it gets for us. Do we not allow people to actually benefit from tax free bonds? Do we not allow people to offset gains with prior years losses? There are consequences for these types of policy changes too.