Wednesday, November 14, 2007

"Thank the taxpayer"

From Richard Rahn's op-ed in today's Washington Times:

"Did you ever think about what would happen if the top 1 percent of the taxpayers suddenly decided to go "on strike" and refuse to produce all that income?

The IRS just released the numbers for 2005, and they show the top 1 percent of taxpayers paid almost 40 percent of the nation's total income tax bill, and that the top 5 percent paid 60 percent of the taxes, as can be seen in the accompanying table...."

Click here for the table and the rest of the op-ed.