Posted on 11/14/2014 6:09:40 AM PST by IBD editorial writer
President Obama has constantly complained about the rich not paying their "fair share." But a new Congressional Budget Office report shows that the rich were paying more than their fair share of taxes before the numerous hikes he imposed.
The CBO looks at the distribution of household income and federal taxes up through 2011, the last year for which it has data. It found, for example, that:
(Excerpt) Read more at news.investors.com ...
I’ve showed these very stats to a sheeperal claiming the rich didn’t pay “their fair share” of taxes,
and the response was that they “still have more than everyone else”.
So, it’s not really about “fair” taxation,
it’s about taking what they have out of jealousy.
And?
I don’t think the sheeperal really care what happens to it after it’s taken away from those they don’t want to have it.
That empowers demobureaucrats to enrich themselves and their cronies.
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