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The Rich Don't Pay Enough?

Kali_Fred Wrote: Aug 29, 2012 3:51 PM
Further, every time you buy something, you will know EXACTLY how much tax you are paying. No sneaking in an increase like they do almost every day with today's system. That is why the tax code is 10s of thousands of pages long and growing practically daily.
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...