Neil Boortz makes the same mistake (and maybe it is not a mistake as much as a distortion of the truth) that most tea partiers make about who pays the most in taxes in America.  He considers “earned income” as the only form of wealth creation.  It is a minor part of wealth creation.  Those who are below the top 1 percent of “earned income” earners know how hard it is to creating wealth.  

Most wealth creation happens mainly through capitol gains, financial securities and business equity.  When he says that the top 1% earned 20 percent of the income and paid 38 percent of the taxes, he distorts the real reality.  The top one percent has 38 percent of the privately held stock, 60 percent of the financial securities and 62 percent of business equity.  I would think that those who have 62 percent of the business equity would have a vested interest in paying more taxes than those who have none.   Based on this formulation, the taxation is about right.   

Mr. Boortz would rather make the tax discussion about name calling and class warfare than about a serious discussion of public policy.