It has been an issue since the 1970's that productivity in the lower and middle class jobs have risen, but wages have remained flat. In other words, the "rich" are not earning all of the money that they make.
If those at the top of the income distribution receive far more than the value of what they create, and those at lower income levels receive less, then one way to correct this is to increase taxes at the upper end of the income distribution and use the proceeds to protect important social programs that benefit working-class households, programs that are currently threatened by budget deficits.
This would help to rectify the maldistribution of income that is preventing workers from realizing their share of the gains from economic growth.
In what way does this not make any sense?
And don't get it twisted. I have nothing against the wealthy. I think these hard-working individuals deserve to be well paid for what they do, but not nearly to this extent.
They should be Taxed more, at the same Rate as the rest of us.
YOU should get the FACTS as to the real tax rates!
You spout off without knowing what you are writing about!
Down load this table from the IRS that shows the actual taxes paid by various tax returns...
Directly from the IRS tax analysis..
Source::
http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html#_grp1
From the above FACTS on taxes paid in 2008!!!
A plumber making an average of $50,000 paid 5.6% of income in taxes!
A teacher making an average of $52,000 paid 9.2% of income in taxes!
Obama PAID on his $1.7 million income 26%!
There were 141 million returns (99.4%) reported $6.798 trillion income
898,912 returns (.6%) reported $1.4 trillion income.
The 141 million paid $688 billion in taxes or 66% of tax revenue
The 898,912 paid $342 billion in taxes or 33.24% of revenue.
BUT ...
the 141 million paid $688 billion in taxes is 10.14% of total income of $6.7 trillion!
while the .6% (898,912) returns paid $342 billion or 23.35% of $1.4 trillion!
SO PLEASE EXPLAIN why those that already pay 200% more then the rest of us MUST pay MORE????
OR is this JUST BEING FAIR???