Investors Business Daily: "Tax Trickery"

[Strawman]

Found this on Yahoo News. Please rate (low) and debunk.

http://story.news.yahoo.com/news?tmpl=story&u=/ibd/20040816/bs_ibd_ibd/2004816issues01

I think the real trickery is the fact that they describe the "tax burden" as the % of federal taxes paid by the wealthy, not the percentage of taxes relative to their income. Correct me if I'm wrong but isn't the percentage of income subject to tax what the "tax burden" is commonly understood to mean?

It is my understanding that the (defacto) tax burden (after they make use of all their loopholes and other mechanisms of avoiding taxes) on the richest 1% is something like 19% and some change and the rate on someone making $75,000 is like 19% and a little bit less change.

I'm not an economist, so tell me, am I correct here? I'm sure this article is bullshit. Help me with my argument.

[patdem]

1. Interesting they pick the top 20%...and not the top 5%...1%?? why is that

It costs $252 per year to get to suscribe to IBD...and they are not for the rich?? They are not involved in this class warfare...excuse me!!!