What % of tax revenues should the rich (top 5%) pay?

[Kasz216]

richardhutnik said:

mrstickball said:

Interesting.

According to all responses, so far, the rich are taxed too much. At least in America, anyways.

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?

Because it's an Income tax and not a wealth tax?