Tax Policy Blog, Rich Pay 40% of Nation’s Tax Burden, Hillary Clinton Says Its Not Enough, by Scott A. Hodge:

Ben Smith at Politico has posted a video of Hillary Clinton stating that she does not think America’s rich are paying their fair share of taxes. She said, “The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] — whether it’s individual, corporate or whatever [form of] taxation forms.” …

The chart below shows estimates by the Tax Policy Center for 2010 of the distribution of income compared to the distribution of all federal taxes (personal income, payroll, and corporate) by percentile.  It shows that households earning over about $212,000 earn about 30% of the nation’s income but pay more than 40% of all federal taxes.

By contrast, those earning less than $105,000 collectively earn about 46% of the nation’s income but pay 32% of the taxes. The bottom quintile pays nothing.

 

So the question for Mrs. Clinton is, if 40% of the nation’s tax burden is not enough then what is the rich’s fair share of tax?

Secretary Clinton also says that “My view is that you have to get many countries to increase their public revenue collections in order to make investments that will make them richer over the long run.”