Who pays the taxes?
If you think that the rich "don't pay their fair share" in taxes, look at this article: Who pays the taxes.
Let's put those numbers into a table:
| Top 1% | 34.3% |
| Top 5% | 54.4% |
| Top 10% | 65.8% |
| Top 25% | 83.9% |
Since the median income in America is about $45,000, we are talking about people making more than $100,000 a year to be in the top 25%.
You absolutely cannot look at that table and tell me that the rich don't pay their share of taxes. If anything, they pay too much. Every time we have cut the top tax rate, revenues have increased. Why? If you give the rich more money, they invest it, either into their company or into other companies and this is a good thing.
when you invest money into a company, you enable them to hire more people, lowering the unemployment rate, increasing the tax base and turning unemployed tax consumers into tax producers. This leads to more taxes collected, more people at work, the economy expands and everything that cascades from that.
That's why when JFK, Reagan and Bush all cut taxes, revenues increased. I don't know why Liberals don't make this connection. What would you rather collect, 50 cents on one dollar, or 40 cents per dollar on two dollars? If you concentrate on the tax rate, you'll go with the 50 cents. If you do the math and you see that you'll collect 80 cents if you allow the economy to double, then you're smarter than a tax and spend Liberal.
Liberals, read it and weep.