If I hear this one more time....

I am getting tired of hearing "The wealthy already pay too much in taxes - most people pay nothing at all....."

Okay, the wealthy do pay most of the FEDERAL income taxes in this country.  Never mind that when it comes to disposable income, most people who consider themselves middle class pay more taxes that the wealthy, when you throw in sales, payroll, state, property and other misc taxes.

But forget about that.  How do we get the tax burden off of the wealthy and back on the middle class where the numbers are much larger?  Well, let's say that there are 140 million tax payers (returns) in 2008.  The top 1 percent equal about 1.4 million of this.  That leaves 138.6 million others.  Now let's assume the top 1% pay $392.1 billion in income tax paid in 2008.  If you were to take 50 million of the others and they had to just equal the $392.1 billion, that would mean they would have to pay $7840 in taxes.   In going back to the 2010 tax tables, that means an adjusted income of $45,000.  Now assuming normal deductions, that would be about $55,000 in income for an individual.  That is about $26. per hour.  So if you want the wealthy to stop paying to much, all you have to do is create 50 million jobs that pay over $26. per hour.  More that three and a half times the minimum wage. 

Got any ideas???

ChrisZ