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And the amount of taxes taken in by the government as a percentage of the GDP is the lowest it has been in 50 years - mostly due to the Bush tax cuts for the wealthy.
The top 1% also pay far less of a percentage of their income (when you count all forms of income) in taxes than the rest of us.
So yes, they need to start paying their fair share.
I also think that calling the ending tax breaks for private planes and other corporate welfare "tax increases" is patently absurd.
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Unrestrained frivolity will lead to the downfall of modern society.
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