Richest 5% of Americans make 36% of the income, but pay 60% of the taxes.
This is something that is conveniently ignored by almost 95% of the population, most of whom cry about “tax cuts for the rich.”
Via Power Line, which also points out a Wall Street Journal editorial that begins
Washington is teeing up “the rich” for a big tax hike next year, as a way to make them “pay their fair share.”
Obviously, this is some meaning of the word “fair” that I’m unfamiliar with.