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:
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.