What is seldom stated, is that the "rich" pay most of the federal income taxes already. Actual IRS data (I can find the IRS webpage source if someone wants to verify it.)
The top 1% of earners now pay 40% of federal income taxes. The top 10% pay 70%. The top 50% pay 97.1%
The only way to further stick it to the rich and provide a tax "cut" to the 95% Obama quotes is by paying many who don't currently pay any taxes. Obama's "disribute the wealth" and "share the wealth" is exactly that. There is a term for that; socialism.
