Thread: Boat deductions
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NOYB
 
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Default Boat deductions


"Harry Krause" wrote in message
. ..
Fred Dehl wrote:
Tamaroak wrote in news:576dnVxMv5qMfyTeRVn-
:

The poor in this country don't qualify for these deductions


It's hard to qualify for a deduction when YOU PAY NO INCOME TAXES IN THE
FIRST PLACE. The bottom FIFTY PERCENT of taxpayers pays ONLY FIVE
PERCENT of income taxes.



Your "facts" are wrong.


His facts are pretty damn close:
http://www.ctj.org/pdf/fsl2004.pdf


The bottom 40% pay only 7.7% of the taxes.

The top 20% pay 62.6% of the taxes.

The top 40% pay 81.6% of the taxes.