Quote:
Originally Posted by DaddyHalbucks
The Top 1% already pays 95% of the taxes.
The bottom 60% pays no taxes at all.
We are seeing the effects of punishing the rich right now in this economy; they aren't investing in new businesses and they aren't risking hiring people.
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You may be right if you only claim income taxes but if you count the FICA tax you'd see that the top 5% of earners pay 0 FICA tax and that the Federal government receives more in revenues from FICA than from income taxes.