NOYB wrote:
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.
And we effectively have a flat tax to within about 1.7%.
Why would the wealthy complain?
Shares of
Average Total Total
cash income taxes
income now
----------------------------------------
Lowest 20% $ 10,400 3.4% 2.2%
Second 20% 21,200 7.0% 5.5%
Middle 20% 34,500 11.7% 10.5%
Fourth 20% 56,300 19.2% 19.0%
Next 15% 96,700 25.2% 26.5%
Next 4% 201,000 14.4% 15.3%
Top 1% 978,000 19.1% 20.8%
ALL $ 56,800 100.0% 100.0%