Being "rich," paying your taxes should be easy, but in each of the past two years, the Borchellers have had to dip into their IRA account or savings just to pay their tax bill. "If we're having trouble making it, I wonder how many other people are," Janet Puma Fenty Blue
it and lives a relatively normal life, but his medical bills are a huge expense. "I don't expect Uncle Sam to pay for a lot of this stuff, or any of this stuff.
or most millionaires for that matter. "It may sound like a lot 10 percent owe 70 percent of income tax but the top 10 percent receive over 40 percent of the income," says Joel Slemrod, a professor of economics at the University of Michigan. Slemrod tells NPR's Raz that most of us think it's appropriate that the fraction of income that.
Borchellar told NPR producer Brent Baughman. The Borchellers have put three kids through college, and between their mortgage, college loans, gas and utilities, they aren't left with a whole lot of disposable income at the end of the month. Then there's their oldest son who, when he was 11 years old, developed a tumor around his brain stem. He still has Puma Rihanna White Gold
n in one of the remotest parts of America, Block still pays taxes: gasoline taxes for the truck and a state self employment tax of about $300. The top 10 percent of income earners in America pay 70 percent of all federal income taxes. People like Jim and Janet Borcheller, who live in Fairfax, Va. , are in the top 10 percent of income earners in America. Jim Borcheller, a defense contractor, is now the family's sole breadwinner. He earns about $110,000 a year. government and are in the top 10 percent.
We're doing that," says Jim Borchellar. "But ambition is good; wanting to improve yourself is good. And when the government takes away from those who are working hard to try and Puma Rihanna Grey Suede improve their lot to give it to those who don't work hard [or] don't work at all, that's wrong. "The Borchellers pay a much higher percentage of their income in tax than either President Obama or Republican presidential candidate Mitt Romney, Puma Rihanna Burgundy Velvet