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It is true that 40% or more of tax revenues come from those who could be categorized as "rich". However, the disparity lies in the fact that much of their income is taxed at significantly lower rates (for example, 15% for capital gains on investments). Or, their tax burdens are otherwise offset or mitigated by tax credits and other mechanisms (for example, credits towards interest on loans, charitable contributions, et. all). So while it is true that the wealthy pay the majority of the taxes in the United States, the percentage of income to taxes paid by the remaining tax base (i.e., the "middle class") is double (30%) or even TRIPLE (45%). <br> <br> Finally, the amount of tax revenues collected by the IRS have increased annually, which at face value would seem to indicate that the very wealthy are paying more taxes. The insideous fact is, is that the sheer amount of capital and wealth being funneled up into the highest tiers of society has reached the point that those carrying the least tax burden are at the same time those paying the most in taxes overall. <br> <br> I don't hate the wealthy-I work hard every day with the goal of becoming wealthy. But the disparity between the economic burden carried by the most privileged compared to the poorest hasn't been this wide at any other point in time, in any other civilization, in the entirety of human history. Even in the end days of Rome the gap between Ceaser and the lowest citizen wasn't as wide (economically) as between a minimum wage earner in the United States and citizens in the upper 1%.
By Charles
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