This is one that has been brewing in me for a while. You can hardly hear a discussion or debate about taxes nowadays without hearing someone talking about taxing the rich. Our problems would be over if we could just get those rich people to pay their taxes - right? I have done some research on who does and does not pay taxes in the U.S. Here are the results: I just saw this headline relating to 2007: Top 1% of income earners pay 40.4% of taxes. You got that? For the tax year of 2007 - the top 1% of taxpayers paid over 40% of the total income taxes. FYI - that is more than the lower 95% paid! 1% of the population paid more than 95% of the population. (the other roughly 20% of taxes were paid by the 4% from 95% - 99%. Now, these folks did earn over 22% of the income. (they are the highest 1% after all) But, even making 22.8% of the income, you wouldn't think would require them to pay over 40% of the taxes, would you? (another tidbit - to reach this top 1% leve...
The universe, by definition, is infinite. It is arrogant for us to think mankind can formulate all the questions much less grasp all the answers.