CBO stats: the One Percent are getting taken to the cleaners by the tax man as it is!

The Congressional Budget Office came up today with some interesting statistics which should help us evaluate all the wailing on the Left (including the Obama administration) about how the wealthiest Americans aren't paying their fair share, and the one per cent verses the 99%, yada, yada, yada.

Consider: Between 2007 and 2009- the last years for which statistics are available- the bottom 20% in income paid just three tenths of one percent of the total tax burden.

The richest 20% paid 67.9%. Sure sounds like more than their fair share to me.

The favorite targets of both President Obama and the Occupy Movement- the top one percent in income- earned 13.4% of all pre-tax income, but paid 22.3 percent of all taxes in 2009.

True, the percentage of the tax burden borne by the very rich is falling. But it's not falling at the expense of the middle class, but of the somewhat less wealthy- those who are merely in the top 60th percent to 99th percent of earnings.

So you were saying, Mr. President?

HT: Drudge