>> Since 50% already pay NO taxes, I can assume that this will make that number go to around 60%??
If your 50% assumption is correct — I’m not sure it is — and if the 16% number is correct, then the math says so.
The operative word here is “if”.
From May 3, 2010 WSJ:
By JOHN D. MCKINNON
As President Barack Obama pushes to raise income taxes on high earners, opponents are seizing on data that indicates these U.S. households already pay a large and growing share of taxes, even compared with high-tax European countries. And a new congressional study concludes that the percentage of U.S. households owing no federal income tax climbed to 51% for 2009.