So Who Really Pays The Taxes?

Lets take a look, shall we? Based on the numbers from here it looks like the top 50% of wage earners pay over 94% of all income taxes. Furthermore, in 2002 the top 5 (five) percent of income tax payers paid just more than half of all income taxes but only earned a hair over 30 (thirty) percent of the income.

So if the bottom half pays less than 6 (six) percent of all income taxes, aren’t we already taxing “the rich”?