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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% |
#2
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posted to rec.boats
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-rick- wrote:
And we effectively have a flat tax to within about 1.7%. Why would the wealthy complain? Because bitching about paying taxes is one thing that all rich people have in common, and pandering to that is one way of getting elected. Now if you tie that into a certain type of bigotry, and imply that all poor people are on welfare and "yore hard-earned dollars" are supporting a bunch of lazy inner-city minorities so we should cut taxes NOW, then you have a great formula for gaining a consistent 51% of the vote. 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% Careful, you might confuse them with facts. The funny thing is that even the most ardent flat-taxers agree on the desirability of allowing poor people some tax relief... in other words, a progressive tax scale.... they just don't agree on where to draw the line, DSK |
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