Friday, July 31, 2009

Taxes: How high is too high?

The latest post from shows the top one percent of income earners pay over 40% of all income taxes. The bottom 90% of income earners (yes 90% of all americans) pay only about 28% of all taxes with the bottom 50% paying less than 3% of all taxes. So we should be taking the rich even more? Notice that if "rich" is the top 1% that there are only 1.4 million of them to support a population of 300 million.

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