[ April 14, 2026 ]
Did you know?
The truth about what top earners pay in terms of all income taxes collected by the US government:
–the top 1% pays 40% of all income taxes
–the top 25% pays 87% of all income taxes
–the bottom 50% pays 2.3% of all income taxes
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While Americans scramble to get their tax filings submitted—or at least their extension requests filed by the April 15 deadline—Democrat leaders are pushing to tax the rich even more so than they already do. Wall Street Journal: Tax Day has arrived again, and our April 15 condolences to those who pay the bulk of the nation’s bills. It’s a smaller group than many Americans realize, and those figures bear repeating, as Democrats renew their line that the rich won’t pay their “fair share.” Sen. Cory Booker has a bill to raise the top individual income-tax rate to 43%, from today’s 37%. Sen. Chris Van Hollen wants 49%. Both proposals would also eliminate income taxation for many lower earners…. Yet the notion that America’s income tax is biased against the working class is a progressive fantasy. According to the official numbers from the IRS, the top 1% of income-tax filers in 2022 contributed 40.4% of the revenue. The top 10% of filers paid 72%. The top quarter contributed 87.2%…. The reason the left loves the “fair share” language is that it excuses Democrats from ever having to define it. If the top 10% of income-tax filers are already paying nearly three-quarters of the burden, what would Mr. Booker and Mr. Van Hollen consider equitable? Eighty percent? Eighty-five? Our guess is they’d take it all if they could somehow spare George Soros and their donors in the trial bar (Wall Street Journal). Meanwhile: The average tax refund is about 11% higher so far this season, compared with about the same period in 2025, according to IRS filing data. As of April 3, the average refund amount for individual filers was $3,462, up from $3,116 about one year ago, the IRS reported on Friday (CNBC).
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