The rich pay more than than their fare share. They always have. Obama, as usual, doesn't know shit.
In fact, the top 40% of income earners pay ALL of the income taxes and then some. They pay 109% of the taxes! The bottom 60% gets a refund amounting to 9% of their income-A NEGATIVE TAX!. They receive a "gift" of 9% of their income from the top 40%.
Take a look at the following graph showing income distribution, taxes and transfer payments; this informtion from the CBO and from Mish's Global Economics Analysis:
|Income and Distributions and Federal Taxes in 2010|
The richer Americans are earning much more in the past 20 years than everyone else, but they are paying more in taxes. It's the top 1% that are paying more, everyone else is paying the same or less.
Here's a history from my blog entry Income Tax Demagoguery: Who Pays US Income Taxes:
|Tax Share By Income from 1979 to 1996|