John, I just ran some numbers through my tax program (TaxSlayer, if you want sources):

My "pool boy" (if I could only afford a pool to have one), at $11/hr would make $28,880 if he worked 40 hr/wk 52 weeks of the year. He'd pay $1,191 in FICA, $419 in Medicare tax and $2,110in Income Tax, leaving him $21,560 for the year.

My banker, OTOH, who grossed $1,000,000, would pay $6 222 in FICA, $14,500 in Medicare and $324,371 in Income Tax, leaving him a paltry $654,901.

Both of these examples assume taking the standard deduction, probably a reality for the pool boy, not a chance in hell for the banker.

Would I rather be the banker and pay 32.4% of my income in Income tax, rather than the pool boy who only had to pay 4.1%? You dambetcha!