In response to:

The Rich Don't Pay Enough?

David1454 Wrote: Aug 29, 2012 10:38 AM
Any "fair" tax plan would have a DOLLAR ceiling on individual taxes, regardless of what percentage of one's income that amount constitutes. It doesn't matter what the number is - $100k? $500K? A million? - the point is that at some point, you have paid ENOUGH, and the fact that you've earned more than most people could even imagine is irrelevant. What right does the Government have to take a windfall just because someone is hugely successful. Fairness? Come on.
Joseph64 Wrote: Aug 29, 2012 10:47 AM
What right does the government have to inherit a windfall when someone dies? They'll try to regulate a business that takes out "dead peasant" policies on their employees while at the same time taking money from the estate of a deceased citizen that ought to rightfully go to their heirs. The Inheritance tax also has to go.
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...