First of all... taxes are being levied on income... and rich people have a lot of assets... and they probably incorporated themselves... so they naturally pay less taxes...
This is why rich congress people such as the ladies from California or John Friggin' Kerry don't pay a lot of taxes in relative to their wealth... and they don't mind increasing taxes on OTHERS' income taxes...
And here's another thing to keep in mind... rich folks are rich for a reason... most of them put in the time to know where to keep their money (outside the states) and how... which of course leaves the rest of up poor saps holding the bag...
So anyone still drinking the Obama kool aid and believing that their taxes won't go up... your life is really, really gonna suck.
................Well .. it gets worse. Now for the first time, the IRS decided to break things down even further. It presented data on the super rich, the top 0.1% of tax earners. We are talking about the top 10% of the top 1% of earners. About 141,000 taxpayers fit into this group. Those 141,000 people account for 12% of the adjusted gross income earned but they pay 20% of all federal income taxes..............
Actually, I’m kind’a surprised. I had thought that the top of the top - the 141,000 super rich - would have paid in more than 20% of all the income taxes.
Yet, we’re doomed! As about 50% of the citizens pay zero or very little taxes, they don’t give a shit what the government spends; they will just continue to vote for RATS as they perceive that the RATS will give them more freebies!
All the more reason to get behind the FairTax and work like fury for it.