As UK millionaires flee country over tax hikes, British treasury loses billions

“It is also an illusion to believe that high earners in America do not contribute enough money to the coffers of the federal government. … [W]hat Obama refers to as ‘the wealthiest Americans’ already pay more than their ‘fair share’ in taxes.”

Gardiner cited Congressional Budget Office numbers showing that “the top 1 percent of US earners already pay 22.3 percent of all federal income taxes (based on 2009 figures), even though their share of total income earned is just 13.3 percent.”