Wednesday, September 21, 2011

Julene's Daily Commentary: Who really shares more of their money, the rich or...

 I wish we would put this argument to rest that the wealthy pay more in taxes. That’s true in some aspects. But it's simple semantics. The top 5% are paying 60% of the taxes. The top 1% has 70% of the nations assets. The rest is divided amongst low income and middle class America. However, on an individual basis, because that's what this whole argument should be about, a rich individual is paying a less percentage of their income, than a poor individual, because of all the tax loopholes. [read]