No one likes to pay taxes and most people wish that the tax laws were more “fair.” This is a subtle way of saying, “I think I pay more than I should.” This thought transcends all tax brackets and incomes.
The IRS recently reported on statistics from 2006 (which is scary in and of itself). Of all the returns, the top 1% (those with the top 1% of the income) paid 40% of all taxes, but accounted for only 22% of the income. That’s not fair.
The top 50% of the tax filers paid 97% of all income taxes and accounted for 87.5% of all income. That’s not fair.
As far as the bottom 50% of all taxpayers, they actually collected more then they paid.
This is what scares me. These people can also vote. Soon they become a majority and we taxpayers will become a minority. Then this majority can vote for the politician who will give them the most money, knowing that the minority will pay for it.
And that’s not fair!