[jadimov]

12...probably a small percentage of the population...

13...it is NOT a small amount. It measures well into the billions...

Walter Williams
---According to the most recent U.S. Treasury Department figures, in 1997 the top 1 percent of income-earners (those with income of $250,000 and higher) paid 33 percent of all federal income taxes. The top 5 percent of income-earners ($108,000 and over) paid 52 percent, and the top 50 percent ($36,000 and over) paid 96 percent of income taxes. Guess what the bottom 50 percent of income earners paid?

full text at townhall.com

[DennisR]

Doing the math in my head, I come up with 4%.

Basically what happens in this country is that you get punished for succeeding financially. The flat tax as I propose it would do away with this punishment and als make everyone with any income whatsover invest in the country.