At one point Reagan taxed the rich at 70% but then lowered it to 50%. Nixon taxed the rich at 70%. Eisenhower, 91%! RIght now we tax the rich at 16%, the lowest the rich have paid since 1925! And Obama wants to make the rich pay...get ready for this....39%!!!!! I don't think Obama is being unreasonable and I'm not really concerned about the top 1% not being able to buy that extra jet.
Okay, Folks, Let's Put Aside Politics And Talk About Taxes... [CHARTS]
But in the past 30 years, all that changed. In the past 30 years, the bottom 90% (blue) captured only a tiny percentage of the income gains. The top 10%--and especially the top 1% (pink)--captured most of it.