By Deroy Murdock
Regarding all federal taxes (capital gains, corporate, death, dividends, excise, income, payroll) an April 2009 Congressional Budget Office study found that for 2006 (the latest numbers), the top 1 percent paid 28.3 percent of all federal taxes. The top 5 percent paid 44.7 percent, and the top 10 percent paid 55.4 percent of taxes. The bottom 40 percent paid just 4.9 percent of all federal taxes in 2006.
Great minds think alike. See my earlier post on this topic.