Calif Bill wrote:
Yes tax rates are different for different incomes. those making above some
amount, say $60k you get to pay 35% of your money above this to the
government. If you make $25k, they you pay maybe 5%. Would have to get out
the tax charts from the computer to get exact numbers. But the upper 20% or
so of taxpayers pay 90% of the tax money collected.
That may have been true 10 years ago, but I doubt it is now.
http://www.taxpolicycenter.org/TaxFa....cfm?Docid=221
This states rather plainly that the top 10% pay slightly less than 50%
of the income tax load.
A graph on the effect of the Bush tax cuts.
http://www.taxpolicycenter.org/TaxFa....cfm?Docid=212
The tax burden has been shifted increasingly to lower incomes. It's
often trumpeted that those darn poor people get welfare etc etc, but the
fact remains that the wealthy get by far more value from gov't services.
IMHO it's totally fair to expect them to should most of the burden.
DSK