In response to:

The Rich Don't Pay Enough?

jturning Wrote: Aug 29, 2012 3:20 PM
Beyond having ignorant logic, I take it you're one of the jealous ones that thinks if a wealthy person is risking their money through investments they should pay a much higher percentage because you don't make that much money yourself. For many of the wealthy, they had a great idea for a business, invested large amounts of their time and treasure into the business and then saved and grew their money by investing with that capital having already been taxed when they originally made it. Why should anyone except them be able to take more of that income from them. I bet you've been a poor steward of your own income and you're counting on stealing from others through government entitlements later in life.
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...