How Rich Are The Rich Really?

Here's an inconvenient - and historical - truth for any American politician who thinks "the rich" aren't paying their fair share or who would "spread the wealth around".

From TaxPolicy Blog:

The share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined.

To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.

This is the highest percentage in modern history.

It would appear the top tax payers in the US could just take over the country if they wanted to. I would love to see if there are similar statistics for Canada.