-Caveat Lector-
Nice try, Mr. Johnson, but you're in error. Bartlett and Steele use
figures from the OMB, the IRS and the US Census Bureau... not the House
Ways and Means Committee and NOT the Tax Foundation!
But if you will read my response to Mr. Howard Davis III, I am on record
for the abolition of the personal income tax. There are a number of ways
of raising revenue that would not be so punitive on individuals. So, on
this point, we might actually agree.
Oh, by the way, I'm not trying to be "clever," Mr. Johnson. I'm just
interested in advancing the discussion on these issues.
Regards,
Mr. Tunstall
On Wed, 9 Jun 1999, M.A. Johnson wrote:
> -Caveat Lector-
>
> Income, taxes and demagoguery
> by Thomas Sowell
>
> William Hugh Tunstall
> Mr. Sowell is engaged in a rather clever campaign of
> disinformation.
> <snip> information about some book
> Sorry. The facts do not support Sowell's position.
>
>
> MJ:
> The 'facts' in the book you cited? Dr. Sowell's research
> certainly 'jives' with the Internal Revenue Service's
> numbers AND the House Ways and Means'.
>
> Perhaps it is you who are attempting to be 'clever'.
>
> Who Pays Federal Individual Income Taxes, 1994
>
> Taxpayers # Returns (K) AGI (M) Tax Paid (M) %AGI %Tax Inc Split
> Top 01% 01,150 0,546,720 152,696 13.8 28.7 195,981
> 05% 05,749 1,102,836 252,385 27.8 47.4 090,913
> 10% 11,499 1,552,121 314,786 39.2 59.1 068,737
> 25% 28,747 2,481,040 423,328 62.6 79.5 042,734
> 50% 57,495 3,371,349 507,120 85.1 95.2 021,817
> Less 57,495 0,589,571 025,523 14.9 4.8
> in thousands in $ million in dollars
>
>
> Source: Preliminary IRS Data
> Tax Foundation
> 1250 H Street, N.W.
> Suite 750
> Washington, D.C. 20005.
>
>
> Percent of Total % Income Earners % Income Level
> Tax Revenues *(next inclusive) Total of Income
> 28.7 1.0 13.8 >$185 000
> 59.0 10.0 39.0 >$ 67 000
> 79.2 25.0 46.0 >$ 42 000
> 95.2 50.0 85.0
>
> Source: Overview of the Federal Tax System, House Ways & Means
> Committee. (1992) *next group includes the prior ie. 10% includes
> 1% group, 25% includes 10% and 1% groups, etc.
>
>
> Distribution of the federal income tax burden
>
> The top 1% of income earners pay 26% of the tax
> The top 10% pay 58%
> The top 20% pay 73%
> The bottom 40% pay less than 1%
> The bottom 60% pay 10% of the taxes collected.
>
> Source: Overview of the Federal Tax System, House Ways & Means
> Committee, 1992.
>
>
> Regard$,
> --MJ
>
> When more of the people's sustenance is exacted through
> the form of taxation than is necessary to meet the just
> obligations of government and expenses of its economical
> administration, such exaction becomes ruthless extortion
> and a violation of the fundamental principles of a free
> government.
> -- Grover Cleveland, Second Annual Message; December, 1886
>
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DECLARATION & DISCLAIMER
==========
CTRL is a discussion and informational exchange list. Proselyzting propagandic
screeds are not allowed. Substance—not soapboxing! These are sordid matters
and 'conspiracy theory', with its many half-truths, misdirections and outright
frauds is used politically by different groups with major and minor effects
spread throughout the spectrum of time and thought. That being said, CTRL
gives no endorsement to the validity of posts, and always suggests to readers;
be wary of what you read. CTRL gives no credeence to Holocaust denial and
nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
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