April 20, 2012

The Battle the Democrats Cannot Afford to Win

By Michael Bargo, Jr.
There is one project that liberals never complete -- a task that is talked about all the time, especially during campaigns, but for some reason just can't get done. It is "making the rich pay their fair share" of taxes.  Somehow, even though President Obama and his party found the time to write ObamaCare and a huge plan of spending that included the Stimulus and Recovery Acts, taxing the rich for their fair share just slipped through their fingers. The IRS reports that the top 10% of wage-earners pay 70 percent of the taxes, and the bottom half pay nothing at all.  So that leaves the middle class, those whose income places them between the poor and wealthy, paying 30% of the overall income tax bill.  The highest wage-earners seem to have been stuck on that 70% share for quite a number of years.  It's been relatively constant.  One can then ask why the proportion paid by wealthy people has been limited to 70%.  Why not require them to pay 100%?  This...(Read Full Article)