The Rich Pay Their 'Fair Share' of Taxes

Saturday, March 14, 2009

It seems that it has become politically correct to talk of the wealthy "paying their fair share" [letters, March 3].

Lost in this rhetoric are some facts. First, does anyone really think "wealthy" starts at $250,000? The abuses people are upset about, and that require reform, are from heads of large corporations, not from small business owners.

Second, we already have a graduated tax system in this country. That means that for each tax bracket you go up, you pay a higher percentage of your income in taxes. Therefore, if you make more, you pay more.

Third, even with the so-called tax cuts for the "wealthy," the top 5 percent of wage earners pay more than 60 percent of receipts to the IRS. The top 1 percent pay approximately 40 percent. That sounds like a fair share to me. True reforms require a close look at the numbers.



© 2009 The Washington Post Company