The Rich and Their Fair Share

With the debate and political deals on how this government is going to handle shrinking revenues and expanded government spending, especially concerning the Federal debt which is not just an economic issue but a national security issue, I am sick and tired of all these butt clowns crying for the “rich” to pay “their fair share”.

Okay you stupid buffoons, what exactly is a “fair share” for the “rich”? And just how are you defining the “rich”? And I want straight numbers, not the BS which President Obama uses to start class warfare, and you have all heard him spew sound bites such as “millionaires and billionaires should pay their fair share”, “the hedge fund manager should not pay less taxes than his secretary”, and so on.

First of all, how dare anyone tell someone else that they need to pay more that others because they had the skills and initiative to earn more? I think we learned in school and in life that fair is the same or proportional,....not punitive.

Second of all, the tax facts from the last reporting year are this:

The top .1 %, not the top 1%, but the top point one percent pay over 18% of all federal income taxes.

The top 1 percent pay over 38% of all federal income taxes.

The top 5% pay over 58% of all income taxes.

The top 50% of all tax payers pay a whopping 97% of all federal income taxes.

And, the bottom 50% of wage earners pay less than 3% of all income taxes.

Not counting the fact that the higher wage earners also pay more tax, mainly because they buy more crap, the tax burden is over whelmingly slanted against the people who earn money,…….. and lost in this debate is the fact that the higher wage earners are the people expanding their businesses, hiring more people, paying more employer federal tax contributions as well as a large tax burden for SSI, Worksmens Comp and now the Obamanation National Healthcare Mandate.

So I ask again, just who is the rich and what is their “fair share”?