In response to:

The Rich Don't Pay Enough?

Beyond Category Wrote: Aug 29, 2012 6:30 AM
Using economic tests to determine tax rates is idiotic. We should replace these economic tests with political affiliation tests. Let's replace our Voluntary Graduated Income Tax with Coercive Progressive Asset Confiscation. That's right, those progressive would finally pay their freight. It's only right--it's only fair.
If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free.

Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share.

According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national personal income but...