Berkeley Bolshevik wrote:
Comrade "Brenda Ann" wrote:

"Berkeley Bolshevik" wrote in message
...
The top 1 percent of income earners, by household, paid 39 percent of
all federal income taxes in 2005, whereas the bottom 50 percent paid a
little over 3 percent. Further, 32 percent of all tax returns filed in
2005 were from people who paid no federal income tax at all.
The reason that the top 1% of income earners (and I use the term loosely)
pay 39% of the taxes, is that they glean more than 39% of the money. Actual
taxes paid per dollar *earned* tend to be higher for the middle class
because the middle class doesn't incorporate their wealth into tax shelter
land, so they end up paying a much higher percentage of their actual income
than the upper class...


That's why we need a flat tax. It's more fair.

You're right, and the http://Fairtax.org is a good solution. The best
thing is that it spreads the tax bill over a larger group so that when
that top 5% don't have income or some of them choose to Damper their
income for the next four years of Obama, they won't be able to shut down
the economy by drying up the tax receipts into the IRS.