Coyne wrote: Someone must, if government is to operate; and as the rich are paying nothing, it falls on the working class again.
So: We're the evil ones.
Ya... I can't let this go....
The Rich might not be paying as much tax as you think they should, but:
"The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office."
From: http://www.usatoday.com/money/perfi/tax ... 50480226/1
Further, this cites that the top 10% had 44% of the income. Yet they paid 70% of federal income taxes.. So, no.. the rich pay a bunch of tax actually. We can argue over if they should pay less or more, and i'm going to come down on the side of more, but, they DO pay a wack load of tax already.
(other info from here: http://www.usnews.com/opinion/blogs/eco ... d-pay-more
Well, you caught me in my hyperbole.
You're right that the top 10% pay a larger percentage of the overall tax, but that's because they have a larger percentage of the overall income. No group pays an average rate above 24% (see Table 1
). In fact, the top 10% average a rate of 18.05%. Of course, the government is no doubt most concerned about this group using cash transactions, rather than those who are poorer.
But whether rich or poor, governments want the tax and to stamp out, what, drugs? Unlicensed roofers? Their arguments for illegality of cash transactions are, also, nothing more than hyperbole. ("Cash transactions are bad because they are always
used for tax dodging and
criminal acts! Cash transactions must die! Die! Die!
") I was trying to make fun of that and, I guess, doing it badly.