From Fox News:
It’s no great surprise that middle class voters are feeling overtaxed. This has been a dreadfully slow recovery, and millions in the middle class are treading water at best. Since the recession ended, median family income has fallen by about $1,500 after adjusting for inflation, so the idea of taxing someone else’s paycheck sounds mighty appealing.
But the idea that the rich aren’t paying any taxes is based on misinformation fed to voters. Politicians and the media have consistently told voters that the wealthiest among us – Bill Gates, Mark Zuckerberg, Tom Brady, Taylor Swift – are paying very little income tax compared to the rest of us.
We are told by no less than Barack Obama that these millionaires and billionaires have all the money, but they don’t bear much, if any, of the burden to pay for the schools, the roads, the police, the welfare benefits and the rest of the tasks of government.
Mr. Obama wants to raise the top 1 percent’s income tax payments to level the playing field and enhance tax “fairness.” So it’s time for a reality test. Here are the latest statistics from the IRS for 2011: The top 1 percent earned 19 percent of the total income and paid 35 percent of the federal income tax. So one of 100 shouldered 35 percent of the burden. And the average of the five most recently reported years (2007-2011) is closer to 40 percent.
Read more at Fox News.