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The tax cuts were a means to take care of the wealthy and give them the surplus coming out of the Clinton era. So once the surplus was gone they too should have evaporated.
For the "rich" to pay their fair share would mean quite a large reduction as they have been paying everyone else's "fair share" now for quite some time.
We have a progressive tax system. In 2006 top 50% of US taxpayers paid 97% of all federal personal income taxes. The top 1% paid nearly 40% of all personal federal income tax.
In contrast the bottom 50% of taxpayer paid just under 3% of all personal federal income tax.
The OP's opinion is nothing more than a Communist fantasy of class envy and class warfare. The reality is that the so-called "rich" pay significantly more than their fair share.
In 2000, the top 25 percent of all taxpaying filers paid a whopping 83.6 percent of all income taxes. By 2005, they paid 85.6 percent of all taxes. So in spite of tax rate cuts for the well-off, the share of taxes paid by the well-off has risen.
The 'rich' pay a bigger percentage of taxes | News for Dallas, Texas | Dallas Morning News | Scott Burns | Personal Finance | Business Columnist | Dallas Morning News (http://www.dallasnews.com/sharedcontent/dws/bus/columnists/sburns/stories/DN-burns_04bus.ART.State.Edition1.4603045.html - broken link)
So the top 25 % of earners pay 86% of the taxes collected. How much is enough?
The left has become totally pathetic and simply now drifting into communism and socialism. They want to be the class of the haves and determine how much each of us should keep for our efforts. The country has come to despise the modern left and upton is a good example of why.
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So-called "rich" pay more than their fair share
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