Comment Re:Correction. (Score 2) 572
Way to keep hawking that meme, Baloroth!
The methodology used to come up with that 35% figure counts only the FEDERAL INCOME TAX, leaving out sales taxes, licenses, payroll taxes, local income taxes, state income taxes, property taxes, fees, tolls, energy taxes, etc... According to Citizens for Tax Justice, ( http://www.ctj.org/pdf/taxday2009.pdf), when you take all of these taxes and fees into account, that 1% pays 23% of ALL taxes on 22.2% of ALL income -- not exactly representative of a progressive tax system.
In addition, that same 1% controls 40% of the wealth in this country, which they supplement by raking in that 22.2% of income, along with returns on the investment of that wealth, which are taxed at a far lower rate. And don't get me started on carried interest!
Now, we can argue about whether or not the tax system is fair, or working to advance the goals which we agree on. But to continue to trot out the trope that the poor wealthy are overburdened compared to the moochers at the bottom serves only to muddy the waters of any attempt at a rational discussion.