WEALTHY PAY MOST TAX

In 2008, the latest Internal Revenue Service figures confirm, the top 1 percent of tax filers earned 20 percent of adjusted gross income and paid 38 percent of income tax revenues. The top 5 percent earned 34.7 percent of AGI and paid 58.7 percent of income taxes.

The top 10 percent earned 45.8 percent of AGI and paid 69.9 percent of income taxes. Meanwhile, as the Tax Foundation's analysis revealed, the bottom 50 percent earned 12.75 percent of AGI and paid 2.7 percent of income tax revenues. This shows that nearly 50% of U.S. citizens pay no income tax but still have the right to vote. At Boston Tea Party it was taxation without representation now is representation (right to vote) without taxation.

Regarding all federal taxes (capital gains, corporate, death, dividends, excise, income, payroll) an April 2009 Congressional Budget Office study found that for 2006 (the latest numbers), the top 1 percent paid 28.3 percent of all federal taxes.

Fair Tax is a national sales tax set up to be just as progressive our present income tax. Example: I purchased a 1998 Saab Convertible for $8,000 and best friend purchased  a fancy Lexus Sedan for $48,000 that resulted in a difference of 6 times amount of tax paid. That's progessive as you can get. Too long to 'splaine so see fair tax by way of google.

Property tax is also progressive  Mill rate on a $1,000,000 house is double that of a $150,000 house that is 10 mills to 20 mills.

Bush tax cut favors lower income earners. High rate from 39% to 35% and low rate from 15% to 10% meaning 33 1/3%  dollar reduction for low earners and 11% for highest earners.

Tax "loop holes" and "write-offs" are shared equally among high and low earners.

Dayton for rich to pay "fair share" is a true sign of "class envy".

Billy chides me for being Republican and sez he is Democrat because his union sez so. That is sick.