Originally Posted by Charade You Are
The top 10 percent of earners paid more than half of the federal income taxes in 2007, and the top 5 percent paid 44 percent.
Thank you for sharing some more Fox News propaganda. Do you know the reason why the top 5 percent pay so much in absolute terms? It's because the top 5 percent gets 35% of the total income, and since they pay a very slightly higher percentage of that income as taxes, it translates to 44% of federal income taxes. Although actually your 44% figure is incorrect. It's really 37%.
And that's nothing by historical standards. Do you realize the top bracket for the federal income tax in 1945 was 94%. It only dropped below 90% in 1964, down to 35% today. That's a huge huge drop in tax rates.
Also, federal income tax is only part of the overall taxation. If you take every sort of tax into account, it's a very different story. Everybody pays taxes, and to a large extent, every body pays a similar percentage of its income. The US tax system is only marginally progressive.
There's a pretty good summary here: http://www.ctj.org/pdf/taxday2011.pdf