Quote:
Originally Posted by slapshot
The top 10% of wage earners pay 90% of the taxes. So the government would be leaning on the upper-upper class to foot this bill.
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Well, first off that's not true. The top 10% pay more like 65% of the taxes and the current trend is shifting the burden to the lower tax brackets.
But that's not even the real issue, it's our progressive tax system that has allowed the middle class to exist for so long fueling the American dream. Wealth redistrubtion is as American as baseball and apple pie.
More and more fiscal conservatives are looking at taxes in relation to the entire Federal budget, and what this means for the future of our Country...
I'll let Ben Stein explain:
Quote:
Put simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don’t pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.
SOURCE: NY Times
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It's a good short piece, I'd read the entire thing.
-spence