In recent days, The News Tribune has published several letters advocating raising taxes on upper-income earners. They all contain the demand that the top income earners need to pay their “fair share” or pay taxes “commensurate with the rest of us.”
According to the Congressional Budget Office, the top 20 percent make 59.1 percent of total income and pay almost 70 percent of all federal taxes. This share is 4 percent higher than in 2000.
When only looking at income taxes, the share of the top 20 percent increases even further. The top 20 percent paid 86.3 percent of all income taxes. This was an increase of 6 percent from 2000.
So I’m confused. Arguing for fair and commensurate would be an argument for lowering the rates on top earners.