Wealthy's Tax Bill Will Hit 30-Yr High

[BDKJMU]

"Wealthy's Tax Bill Will Hit 30-Year High in 2013

........For 2013, families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes, according to projections by the Tax Policy Center, a research organization based in Washington. The top one percent of households, those with incomes averaging $1.4 million, will pay an average of 35.5 percent.

Those tax rates, which include income, payroll, corporate and estate taxes, are among the highest since 1979.

The average family in the bottom 20 percent of households won't pay any federal taxes. Instead, many families in this group will get payments from the federal government by claiming more in credits than they owe in taxes, including payroll taxes. That will give them a negative tax rate........."
http://www.cnbc.com/id/100518058/Wealth ... gh_in_2013" onclick="window.open(this.href);return false;

[BDKJMU]

Tax receipts on pace to hit record $2.7T this year, congressional report says
http://www.foxnews.com/politics/2013/03 ... port-says/" onclick="window.open(this.href);return false;

[kalm]

It's a wage problem.

[bluehenbillk]

And the private sector is starting to hum now hiring people:

http://www.foxbusiness.com/economy/2013 ... =obnetwork" onclick="window.open(this.href);return false;

The market is at an all-time high, life is good.

[BDKJMU]

This data pokes hole in the Obama notion that we need to raise taxes more in addition to the one huge tax increase that we had at the beginning of the year.