9 Things The Rich Don't Want You To Know About Taxes 1. Poor Americans do pay taxes. 2. The wealthiest Americans dont carry the burden. 3. In fact, the wealthy are paying less taxes. 4. Many of the very richest pay no current income taxes at all. 5. And (surprise!) since Reagan, only the wealthy have gained significant income. 6. When it comes to corporations, the story is much the sameless taxes. 7. Some corporate tax breaks destroy jobs. 8. Republicans like taxes too. 9. Other countries do it better. The Mad Men who once ran campaigns featuring doctors extolling the health benefits of smoking are now busy marketing the dogma that tax cuts mean broad prosperity, no matter what the facts show.