If I just listen to the political ads, I would think that George W. Bush cut the taxes on the rich and soaked the middle class with taxes. But that is not the case. As a matter of fact, according to the the IRS and Wall Street Journal, the very rich are paying a huge hunk of the burden. Here are some interesting numbers: 97% of the taxes are paid by the top 50% of income earners. 86% of the taxes are paid by the top 25% and this is an increase from 84% prior to the Bush administration. Finally, 39% of the taxes are paid by the top 1% of the rich people in this country.
How much more patriotic can the rich people be?
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