(T)he top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%.
Whenever taxes come up in a discussion with a liberal, I always ask what they think would be an acceptable level of taxation. 40%? 50%? 90%? These days, I'm coming to the conclusion that liberals think "the rich" should just hand over everything and get it over with. Because until "the rich" have to budget for gasoline and groceries like the cart wrangler at Albertson's, these people will not be satisfied.
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