The rich will pay NO taxes.
How do you figure when they pay them all now?
Top 20% of Earners Pay 84% of Income Tax
My best friend runs his own insurance agency. His net worth is right around a million dollars. I was just telling him the other night while we were out that I'm getting around a $3500 income tax refund. He said he'll be writing a check to the IRS for around $70,000 and does every year.
Funny ain't it. He strokes a check for seven percent of his net worth the year after the taxes are due and you get a refund because you prepaid yours. You don't even know how much you paid, you just know you are getting a refund.