Quote:
Originally Posted by pocketkangaroo
That's not necessarily true. Bush cut taxes, and although it benefited the rich the most, the rich pay the most taxes. The top 5% pays for over half of the income taxes in this country. When you cut taxes, the rich will benefit.
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Yes but the top 5% have 2/3 of the money in this country.
When you figure out how much money is actually PAID in taxes (not the marginal rate, but the amount actually paid) the top 2% pay much less in taxes than the bottom 80%.
No matter what the rates are, there are loopholes, shelters, and tricks that allow the rich to avoid paying taxes. The working poor and middle class don't have access to those loopholes, and they pay alot more in taxes as a percentage of their income than the rich do.