The Rich Pay 106 Percent of Income Taxes—and Should Pay None

By Ari Armstrong

The so-called “progressive” income tax is designed to tax “the rich” more—and that’s what it’s doing. CNBC reports:

Buried inside a Congressional Budget Office CBO report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent . . . pay negative…