richardhutnik said:
And if the proportion of total wealth by the rich far exceeds that of everyone else, why would it be considered "taxed too much"? http://sociology.ucsc.edu/whorulesamerica/power/wealth.html In 2007, the top 5% owned over 60% of the wealth. If that is the case, then why do they only pay 1/3 of all taxes? |
Actually, the top 5% pay a bit more:

That's all federal taxes, BTW. If it were just income taxes, they pay 60%. Given that the top 5% only earn 13% of yearly incomes, I think that 44% of taxes is more than fair. Of course, it could be optimized with a loophole-less flat tax.
Back from the dead, I'm afraid.







