Facts:
The Top 50% pay 96.54% of All Income Taxes
The Top 1% Pay More Than a Third: 34.27%
You want hard numbers, go to the following website:
http://www.house.gov/jec/publication...3taxshares.pdf
Do you expect the "rich" to pay 110% of all taxes, would this make you sleep better? This is not a socialist country, if you want that go to Sweden. Rangell and Pelosi want to repeal the Child tax credit & marriage credit, do you think that only the rich get married and/or have children? Do not confuse taxation with welfare, if you pay no taxes or if you get a refund, you are not entitled to a tax cut, how can you cut a negative number? Also in Economics 101, we could always reduce spending, perhaps on worthless social programs and crazy lawsuits that waste tax dollars and eat up more gov't money than the tax cuts did. The "rich" that you speak of include those who bring in $34,000/year. Hell, single moms who made $18,000/year got a tax cut as well with the increased deduction amounts. That may be perceived as "rich" in some countries, but not in this one. My idealogy is backed up by facts......