Nearly half of US households escape fed income tax

That's not what that article says.

 

Financial Wealth
Top 1 percent Next 19 percent Bottom 80 percent
1983 42.9% 48.4% 8.7%
1989 46.9% 46.5% 6.6%
1992 45.6% 46.7% 7.7%
1995 47.2% 45.9% 7.0%
1998 47.3% 43.6% 9.1%
2001 39.7% 51.5% 8.7%
2004 42.2% 50.3% 7.5%
2007 42.7% 50.3% 7.0%

In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2009).

well, the paragraph says 85% but the chart says 93%.

edit: damn, i had it lined up perfectly

 

We aren't taxed on wealth we are taxed on income.

 

Absolutely.

 

At least you've finally given up all pretense of being a moderate.

 

top 20% own 93% of the wealth but they don't make 93% of the income.

 

Where are you getting these numbers? If 73% of income created 73% of revenues, we would be in a flat tax situation. I think you would agree that we are not. I think you're numbers are wrong. Here are mine......

The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

 

Sure doesn't.

You use a service YOU pay for it. Not anyone else.