IRS data: The top 1% pay 37% of all taxes, the bottom half pay 2%, a blubbering David Letterman can’t believe the facts

IRS data: The top 1% pay 37% of all taxes, the bottom half pay 2%, a blubbering David Letterman can’t believe the facts | AEIdeas:

In the video below from February 2011 at about 8 minutes into the segment, a confused and blubbering David Letterman just can’t believe the IRS statistics in the chart above when Rand Paul cites them and makes the case that the rich are paying their fair share of federal income taxes.

Sen. Paul: If you look at the income tax, the top 1% pay about a third of the income tax. The top 50%, those who make $70,000 and above, pay 96% of the income tax, so the middle class and above are paying all of the income tax. We are paying our fair share. Even you are probably paying your fair share, you don’t need to pay more.

Letterman: Right, but I think there’s something wrong with those numbers. I don’t know what it is exactly, but I’m pretty sure there’s something wrong with them…

(Applause)

Letterman: Thank you, you’re applauding my stupidity, god bless you.

At the very end of the segment, a blubbering Letterman sums up his confused liberalism and resistance to the facts by saying, “I think he’s wrong about some of these things. I just can’t tell you why. I’m sorry. “