In response to:

The Rich Don't Pay Enough?

lastman Wrote: Aug 29, 2012 7:12 PM
Government will never be satisfied and their only sources are the taxpayer, debt, and the printing press. Government spending in the United States has steadily increased from seven percent of GDP in 1902 to 40 percent today. Our debt level is obscene and it takes 23 or today's dollars to buy what $1 would buy in 1913. The only thing that has kept us afloat has been the productivity of the private sector. But the party is over. The golden goose has been killed.
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...