Here's more evidence to discredit the statist ideology of wealth redistribution, or as the President's mantra goes, "the rich need to pay their fair share." Kinda looks like they are...
CarpeDiem: Bottom Line: A small group of 400 of America's most successful earners in
2009, about the number of residents living in a typical apartment building in
Washington, D.C., paid almost as much in federal income taxes as the entire
bottom half of America's 138 million tax filers, which is a population
equivalent to the combined number of residents living in America's 29 least
populated states, plus the District of Columbia. What makes this disparity
possible is the fact that an estimated 47% of individual income tax returns
filed in 2009 had a zero or negative tax liability.
When you have only
400 Americans paying almost as much in federal income taxes as the entire bottom
50% of American filing income tax returns, I think we can dismiss any notion of
the rich not paying their fair share of taxes. In fact, the IRS should publish
the names and addresses of the Top 400 (or to protect anonymity, agree to
provide a forwarding service), so that we can all send them "Thank You" letters
to express our gratitude for shouldering such a disproportionate share of our
collective tax burden.
Additionally, I'd hope that most realize it's actually not a matter of the rich paying their fair share at all, but rather, private wealth & equity being targeted as another source, not to pay down the debt, but to further Big Government's very public spending spree.