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Comment by GrandPoobah
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I asked someone who knows what percentage of their income – which is to say the income of a reasonably successful person – now goes to taxes, and the answer was, “Over 60%.”

He might ask someone what the top 400 pay in taxes.  According to the IRS records it is an exorbitant  15%.  Horrors.   I suspect that this percentage represents a lot more than the top 400.  Probably the top 5 or 10%.  Maybe if they paid more like the average wage earner --- 20 to 25% the deficit would not be quite as large.    Ya THINK?

 

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