As you can probably tell, I am a staunch conservative, with a few libertarian leanings. But I have no problem with a progressive income tax that places the majority of the burden on those that can afford it. But there is a limit. And we are past it. Way past it. Yet you keep seeing these posts and comments from Bernie and the WH about the rich paying their "fair share", as if they aren't already.
To me, it's simple - bottom 20% pays nothing. 20-50% pay 5% up to 10% (on an increasing scale). 50-75% pay 25% tax, and the top 25% pay 35%. Then allow mortgage and child deductions, which cannot decrease amount paid by more than 5% for each bracket. Done deal. 80% pay something, no one carries all of the burden, and I guarantee this raises more revenue than the current system.
But first, can we get spending under control?? No one should pay a penny more until spending is 18% of GDP. Period.