CBO: The rich pay an outsized share of taxes
Wealthy Americans earn about 50 percent of all income but pay nearly 70 percent of the federal tax burden, according to the latest analysis Tuesday by the Congressional Budget Office  though the agency said the very richest have seen their share of taxes fall the past few years.
CBO looked at 2007 through 2009  the latest years data are available, but enough to include the early effects of the last recession  and found the bottom 20 percent of American earners paid just three-tenths of a percent of...