OK 75% of ALL taxes are paid by the top 10% of the wage earners in this country, 47% of the people don't pay a single penny of federal taxes. In fact not only do 47% of the people pay zero federal taxes most get a return of more than what was actually collected from their weekly checks, so why is Obama starting class warfare?
With these sobering facts that the upper income folks, the ones responsible for creating most jobs, have to deal with is it no wonder so many have moved their business into countries with more more favorable tax structures? A smart man once told me, "It's not how much you make, but how much you keep". Maybe it's time for a complete overhaul of our tax system? I really like the idea of a user tax in the form of a national sales tax. Low income folks spend less and would pay less, high income folks spend much more on expensive items and would pay much more in taxes, but everyone would contribute regardless. This would allow for doing away completely with federal income tax collection and eliminating the IRS, just imagine what that would save us annually alone. Some suggest that a national sales tax would even allow for eliminating corporate taxes all together and would result in many companies moving business back to our shores and stop the mass exodus we're experiencing currently. My one fear is having BOTH a national income tax and a national sales tax, even if it starts off as low i'm sure future politicians would slowly grow each one until we boil the death in taxation like a fog boiling in water.