Quote Originally Posted by Rucker61 View Post
the 47% is the number of Americans not represented on a taxable return, so that includes stay at home moms and children.
Incorrect- of the public that doesn't account for children and retired people, 47% is accurate. As of 2010, the census data shows age and employment status comparatively to income tax. Something to the effect of $24,000/year and lower pay 0% income tax, and to be in the top 50% of income earners in the US you need only make roughly $33,000/yr. The top 10% make about $114,000/yr. And do you know where the top 1% actually is? $380,000/yr. That's probably a lot lower than you thought.[1]

Also, corporate tax is not as much of a revenue generator as personal income tax.