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Old 09-12-2007, 11:18 AM   #32
GWC...
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Quote:
Originally Posted by jeffk
Since 1980 the Amount of taxes paid by the top 1% of highest earners has gone from 19% to 37% of the total paid while the lowest 50% of earners has dropped from 7% of the total in 1980 to 3.3% in 2004.

In short, the highest earners shoulder the vast majority of the individual income tax burden and have have significantly increased the portion of the total that they pay since 1980!
Perhaps you forget why President Ronald Reagan played so much golf and what he did about it when President.

Not to worry, the Clintons made your thesis possible and true.




http://www.taxfoundation.org/news/show/52.html
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