In 2007,

  • Top 1% paid  almost $368 billion in taxes
  • The top 5% paid $550 billion in taxes
  • The top 10% paid $650 billion
  • The top 50% paid almost $1 trillion
  • The bottom 50% paid $28 billion

The top 1% pays pays about 4 times as much as the bottom 50%.....

I think calculated the zeroes correctly.

http://www.taxfoundation.org/news/show/22652.html

On edit:  whonew, I know the rich  have most of the wealth.  I was simply taking issue with Frank Zappa's comment:
The poor should pay less, the middle more, and the rich more still. That is what I think. I do not think this will happen



Edited 1 time by ERBetelgeuse 03/27/11 10:32.