Quote:
Originally Posted by Blackthorn
I disagree with what Obama is proposing on taxes for two reasons. One is outlined in the Op Ed piece in the Wall St. Journal on July 21, 2008 that I've quoted below. The top 1% of earners (those making in excess of $388,000 / year) paid 40% of the US Tax burden in 2006. 1% of the population pays 40% of the bill. The top 50% of earners pay 97% of the tax burden. How much more can the top half pay to support the bottom half so that you will call it fair?
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I believe that the poor and middle class pay a higher percentage of their income to support our government because most of the taxes in the distribution chain are added to the price of goods and services on which they spend almost all their income.