Republican presidential candidate and former Massachusetts Governor Mitt Romney and his wife Ann arrive for services at The Church of Jesus Christ of Latter Day Saints in Wolfeboro, New Hampshire September 2, 2012.  REUTERS/Brian Snyder  (UNITED STATES -
It's really hard to be rich. Just ask these people.
This is why we can't have nice things:
The poor rich.
So begins this long, plaintive whine from Associated Press writer Stephen Ohlemacher, who uses lots of numbers and stuff to explain why Democrats (and lots of wealthy people and every economist who can use an abacus) are wrong for saying the wealthy should pay their fair share of taxes:
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 1 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.

Yes, pity the "poor rich," parting with a few dollars of their millions to pick up the slack for those bottom 20 percenters who are living at or below the poverty level. Bunch of moochers. It's just so unfair. It's practically abusive!
"My sense is that high-income people feel abused by being targeted always for more taxes," Roberton Williams, a fellow at the Tax Policy Center, said. "You can understand why they feel that way."
Those poor, abused high-income people. Weep for them, people, for you—struggling to pay your rent, feed your children, manage your medical expenses without declaring bankruptcy, and, oh yes, pay your taxes—cannot imagine how hard it is to be them.

Originally posted to Kaili Joy Gray on Mon Mar 04, 2013 at 12:04 PM PST.

Also republished by Daily Kos Economics and Daily Kos.


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