|
Fair question, Moonliner, and it has no simple or quick answer. I will when I have more time (as in not at work).
ISM, here's a news flash for you. For the tax year 2006....
Top 1% of wage earners (above $388,000) paid 39.89% of all federal income taxes.
Top 5% of wage earners (aggregate with the 1%, above $153,000) paid 60.14% of all federal income taxes.
The top 10% paid 70.79%, the top 25% paid 86.27%. The bottom 50% paid 2.99%.
Being that this is the case, how can it be said that the top wage earners are not paying enough, or that the taxes from the middle class has been a redistribution of wealth from the middle to the rich?
|