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February 23, 2007

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It's perhaps worth adding that the top 5 percent of income earners, who you note receive approximately 30 percent of national income, pay 57 percent of federal income taxes. To quote you, that's, uh, real money. And very real progressivity. In fact, the top 1 percent of income earners pay 37 percent of federal income taxes.

The bottom 50 percent of income earners pay 3 percent of federal income taxes.

So yes, income is heavily concentrated among top income earners, but let's not leave the Clintonian implication (circa 1992) that "they're not paying their fair share."

I didn't find the WSJ's use of scare quotes at all "creative." It doesn't "cost" the government a penny when it doesn't force people to hand over the fruits of their labor.

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