The following is from The Blog Prof:
"The rich in this country pay far more than their fair share. And not only does bottom 47% of taxpayers pay no federal income tax, but the bottom 40% GET MONEY BACK! The top 5% pay about 60% of the federal tax bill. It's now gotten so bad, so unfair, that the top 1% pay more in federal taxes than the bottom 95%"
This was President Obama's comment during the State of the Union Speech:
"And if we truly care about our deficit, we simply cannot afford a permanent extension of the tax cuts for the wealthiest 2 percent of Americans. It's not a matter of punishing their success. It's about promoting America's success."
President Obama continues to punish success and then wonder why there is not more of it, as illustrated by the chart below.
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