Guess Who Really Pays the Taxes — The American, A Magazine of Ideas I do not see how they will be able to deliver on many of their ideas. The top 10% of earners pay 70% of all income taxes. The top 50% pay 98% of all income taxes. (Actually 100% most reported but I went with the lowest number I could find anywhere) If they end the war in Iraq tomorrow that gives them $80 billion more to spend. Peanuts really in a $14 trillion economy. What do they have to do to fulfill their commitment to the little man? What would you be happy with?