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The Rich Don't Pay Enough?

jpilon Wrote: Aug 29, 2012 1:28 PM

The government will continue to overspend buying votes no matter how much they collect. There will never be self control. Each state should be allowed a return of what they send in, less a fair amount to run the government. Why should one state pay for the excesses of another. CA rings a bell.

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The Rich Don't Pay Enough?

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...

Related Tags: Bush Tax Cuts 1 percent Campaign 2012 federal income tax rich