By Wayne Winegarden and Donald Rieck
In his much-maligned comments on the “47 percent,” Republican Presidential nominee Mitt Romney raised, however inarticulately, an important question for this presidential election: Who actually pays the taxes that power the federal government?
This question is important because President Obama’s economic platform is based on the premise that over the past decade tax cuts have only benefited the rich and that, therefore, taxes should be raised on upper income earners so that the rich pay their fair share. But a review of who exactly pays taxes – and by how much – illustrates that the factual basis of President Obama’s theme is simply not true.
View the original article here: The Robin Hood Tax System: Taking From the Rich to Give to the Poor