New data from the IRS will be out in a few weeks on who pays how much in taxes. My contacts at the Treasury Department tell me that for the first time in decades, and perhaps ever, the richest 1% of tax filers will have paid more than 40% of the income tax burden. The top 50% will account for 97% of all federal income taxes, while the bottom 50% will have paid just 3%.
If you think the rich should pay more because they can afford to, or because you're jealous that they have more than you, you're a socialist.
I don't know if I'm in the top or bottom 50%.