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dave

D. Peter Maus wrote:
On 1/25/10 14:56 , wrote:
On Mon, 25 Jan 2010 18:14:13 +0000 (UTC), wrote:

And don't feed me the limpBALLS classic line about that the rich do pay
taxes.... most don't pay anymore then, and more then less then we do.
Proven fact

TOo true

The "they pay most of the taxes" is a false claim, misdirection, and
totally stupid way of trying to deflect the core principles

According to the IRS:

86% of all Federal Income Taxes are paid by the top 25% of income earners.

97% of all Federal Income Taxes are paid by the top 50% of income earners.

50% of all Federal Income Taxes are paid by the top 1% of income earners.

From the Wall Street Journal:

"Notably, however, the share of taxes paid by the top 1% has kept
climbing this decade -- to 39.4% in 2005, from 37.4% in 2000. The share
paid by the top 5% has increased even more rapidly. In other words,
despite the tax reductions of 2001 and 2003, the rich saw their share of
taxes paid rise at a faster rate than their share of income.

How much of the wealth do these people control? What percentage of
their cash flow do they pay in taxes? You do realize that Obama wants
to restore the tax rate to the same as Reagan?