Here are the facts...........the rich could give ALL of their money for taxes but guess what...it still won;t be enough. There will NEVER be enough money for the government. People like the left-wing loons never understand that it will then be THEY who will be considered rich and lose all of THEIR money....NEXT!
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...
What conservatives DO understand is that we should indeed run our government like a business with appropirate cost centers with understandable and sustainable determinants for both the revenue side and the cost side...that we should indeed budget based on the "NEED" to have versus the "NICE" to have. The purpose of government especially the federal government is that it should be "MINIMAL".