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[Susan]

President Obama echoes the Occupy Wall Street Movement in demonizing the top 1 percent—suggesting that prosperous people somehow create painful problems for the rest of us.

But the president never bothers to answer a basic question: who makes up the top 1 percent? Economists Joe Bakija, Adam Cole and Bradley Heim have completed authoritative research on leading earners—some 1,400,000 taxpayers in 2010, each of whom earned more than $380,000.

Only 14 percent of these households were involved in finance, while the biggest portion—31 percent—run non-financial businesses. Among the rest, 16 percent are doctors, 8 percent lawyers, 4 percent engineers, and 2 percent are in sports or entertainment. Should doctors and engineers really feel guilty about earning good money? Actually, the one-percenters should feel proud—they shoulder 38 percent of the total income tax burden, but earn only 20 percent of the nation’s Adjusted Gross Income.

http://townhall.com/tipsheet/michaelmedved...medium=facebook