According to data from the IRS for 2008 the bottom 50% of all taxpayers paid a mere 2.7% of the total income tax bill. Many qualify for the earned income credit , so they get refunds of income tax and payroll taxes, instead of having to pay their fair share.
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
— J.P. Getty
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