Let’s see how much rich pay in taxes versus poor
In last Friday’s edition of the Southern Standard, there was an article that stated the percentages of income that various groups of wage earners in Tennessee pay in taxes.
The article showed the percentages, but not the dollar amounts. I did the math and thought maybe the people should see those numbers also:
• 3.3 percent of $828,000 is $27,324
• 8.8 percent of $38,000 is $3,344
• 8.8 percent of $24,000 is $2,112
• 11.7 percent of $14,000 is $1,638
So by these figures, the “rich” pay 94 percent more money than the “poor” do. There is no end to the lies the politician will tell to get more of your money. Of course, as “they” tell us, it’s all for “your own good.”
Dick Gains
3823 Pigeon Hill Road
McMinnville