Proportionately, the top-earning 25 percent of taxpayers earned more than 65
percent of the nation's income and paid more than three out of every four
dollars collected by the federal income tax (77%) in 2001. There were 32.2
million tax returns in the top 25 percent, all with adjusted gross incomes
(AGI) over $56,085.
At the other end of the income spectrum, the bottom 50 percent of the
nation's taxpayers (everyone whose adjusted gross income was under $28,528)
earned more and paid less. Total income for this group rose from $834
billion to $861 billion. That was up from 13.0 percent of all income in 2000
to 13.8 percent in 2001. Despite income growth, the bottom 50 percent's
average tax rate fell from 4.6 percent to 4.1.
So, under Bush, the Rich made less and paid more, and the bottom 50% made
more but paid less.
_____
From: Marlon Moyer [mailto:[EMAIL PROTECTED]
Sent: Monday, August 02, 2004 9:37 PM
To: CF-Community
Subject: RE: Kerry's record in Senate
ok Sam here's my source. They've got a nice little table that lists it all
sorts of ways.
http://www.taxfoundation.org/prtopincometable.html#TotalAdjustedGross
I'm not sure what you're getting at because according to your numbers, the
bottom 50% only make 13.81% of all income, so how does that refute my
statement?
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