Indeed, the IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act.
The Tax Foundation - Tax Burden of Top 1% Now Exceeds That of Bottom 95%
It is getting very close to more people taking from the system than adding to it. When that happens, the end will be upon us.
