The Rich Don't Pay Enough? 1. According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national personal income but paid 40 percent of all personal income taxes. 2. The top 5 percent earned 37 percent and paid 61 percent of personal income tax. 3. The top 10 percent earned 48 percent and paid 71 percent of all personal income taxes. 4. The bottom 50 percent earned 12 percent of personal income but paid just 3 percent of income tax revenues. 5. President Obama and the Democratic Party harp about tax fairness. Here's my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing? 6. Here's the question for us: Is the U.S. moving toward or away from the troubled EU nations? It turns out that our national debt to GDP ratio in the 1970s was 35 percent; now it's 106 percent of GDP. If you think we're immune from the economic chaos in some of the EU countries, you're whistling Dixie. And when economic chaos comes, whom do you think will be more affected by it: rich people or poor people? The Rich Don't Pay Enough? - Walter E. Williams - Page 2 These are the facts and they are being ignored by the MSM. Until the tax burden is shared by all, the entire population is not going to be talking or learning about tax cuts or raises and have no opinion about them. They will just be part of the 50% of the those willing to take government handouts regardless of the repercussions to the country as a whole.