I Hate Taxing the Rich, But They’re the Only Ones With Money

Barack Obama’s tax plan calls for a reduction of taxes on middle-class families (families that earn less than $250,000), and the ending of Bush’s tax cuts for the high income earners.

Is this “fair?” I don’t think anybody “wants” to pay taxes. But taxes are a necessary evil; in order for government to operate, someone has to pay them.

In considering how the tax burden should be distributed, these graphs provide some useful perspective:


Source: The American Prospect, October 2008

Income for the top 5% of income earners has gone up almost 100% since 1980, but the share of federal taxes they pay has gone up by less than 60% during that time.

I wish we didn’t have to tax the rich, or anybody. But since the 1980s, it seems they’re the only ones making more money.

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2 comments

  1. King Politics

    Furthermore, does this include payroll taxes. I hate it when I hear people complain how the poor don’t pay taxes. They’re certainly paying into Social Security and Medicare.

    FYI: I’ve changed my blog title to kingpolitics.com from blackpoliticalanalysis.com

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