With today being tax day we couldn't make the 24 hour period without an article that the rich pay too little in taxes. I hate to focus too much on this, but to reiterate my beliefs, the rich handle their fair share of the burden, and I am of the belief that big businesses don't pay taxes, they pass it off to you and I with the prices of their goods, which negates that argument. I'll once again cite the interview John Stossel had with Al Shapton:

We've all heard this one during the presidential campaign. When it comes to income taxes, the Democratic presidential candidates keep telling us, the rich don't pay enough.

That's a widespread belief, but do the politicians even know how much of the income tax burden the rich pay now?

According to presidential candidate Al Sharpton, "The top one percent in this country pays very much less than ten percent, very much less than five percent."

Sharpton said he thinks the wealthy should pay "somewhere around 15 percent." But that's so silly because — and I bet most of you don't know this — the IRS says the richest 1 percent of taxpayers already pay 34 percent of all income taxes. Twice what Sharpton wanted them to pay.

Still you may feel the rich should pay even more. It's a tempting thought, since they have so much.

But let's remember the facts: the top 1 percent of Americans — those who earn more than about $300,000 a year — pay 34 percent, more than a third of all income taxes, and the top 5 percent, those making over $125,000, pay more than half.

Stephen Moore also comments on this fallacy:

One final point: The CBO (Congressional Budget Office) study confirms that the rich carry the bulk of the tax burden on their shoulders. The CBO estimate says that the share of income taxes paid by the richest 20 percent of earners fell from 82.5 percent to 82.1 percent in 2004. The report also states that the top 10 percent of earners will pay “only” 66.7 percent of 2004 taxes, with the top 1 percent paying 32.3 percent. Fully 80 percent of Americans pay less than 18 percent of total income taxes. Not even Al Sharpton could look at this data and say the rich are getting a free ride.