All this begs the question, though, who are the "rich" and how much are they paying already? The answers are surprising and need to be clearly understood by the target class The numbers breakdown like this for 2008, the last year I could find:
Percentile Adj. Gross Income
Top 1% $380,354
Top 5% $159,619
Top 10% $113,799
Source: www.ntu.org/tax-basics/who-pays-income-taxes.html
If your adjusted gross income was above these brackets, congratulations - you made the "A" list! You are "rich."
Now for the question of how much the "rich" are paying of total income taxes. The short answer is "a boatload!" For the same year, here are the percentages (remember that they are cumulative) of total taxes paid by these brackets:
Percentile % of Total Taxes Collected
Top 1% 38.02%
Top 5% 58.72%
Top 10% 69.94%
Source: Same
That's right - the "A" list pays 70% if all income taxes. The bottom 50% incidentally pays almost nothing - 2.7%.
It is also worth noting that the top 10% of income earners gave 42% of all charitable donations worth some $72 billion, so they didn't just sit in their basements and count their gold. www.nationalreview.com/articles/255855/merry-christmas-america-s-top-1-percent-deroy-murdock The real problem is that the government didn't get to decide how to spend this money too!
The moral of this story is, if you are feeling unfairly maligned by liberals, it's because you are! They will never have enough of your money because they know how to spend it better than you do. Never mind college for your kids, new computers for the office, helping a strapped relative, you are selfish if you don't give your all to the Greater Good - as it is defined at any given moment. So keep up your charitable giving - God loves a cheerful giver - but don't let the yo-yos in Washington take another dime out of your paycheck!
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