On average, however, the wealthiest people in America pay a lot more in taxes than the middle class or the poor, according to the non-partisan Tax Policy Center. This year, households making more than $1 million will pay, on average, 29.1 percent of their income in federal taxes. A household making between $50,000 and $75,000 will pay 15 percent of its income in federal taxes, which includes income taxes and Social Security payroll taxes.
Still, Schumer argued that the issue could have a major political impact,'
"The president has a winning hand and he's going all in," Schumer said.
-----
Associated Press writers Stephen Ohlemacher, Ricardo Alonso-Zaldivar, Sam Hananel, and Andrew Taylor in Washington, and Daniel Sewell in Cincinnati contributed to this report.
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the GOP is right about one thing there has been people engaging in class warfare for more then a decade now but it was not and is not Obama or the democrats.
Where are the jobs? Mostly in India and China. Why? You don't have to pay a living wage or benefits in those countries. If we would just follow the republican plan of eliminating minimum wage, ending unions and making employees pay for all their More..
Durbin(D) Illinois said the senate won't even consider BO's son of porkulus until sometime in October. Looks like even his own party is ignoring his plea to pass the bill now!
his 'deficit reduction' plan is more of the same class More..