Mitch wrote: "I'd love to see, just once, somebody substantiate the 'tax breaks for the rich, higher taxes for the poor' allegations that keep getting parroted as fact. BTW, do you know anything about McLame's tax plans, or are you just projecting your feelings about Bush onto him?"
Mitch, here is the real numbers on taxes. The "rich" pay the most in taxes by far. Source: U.S. Treasury, Office of Tax Analysis * The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group's tax share has grown faster than their income share. * Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total. Since the Bush taxes have taken full effect, here is the result: * The share of taxes paid by the bottom 50 percent of taxpayers will fall from 4.1 percent to 3.6 percent. * The share of taxes paid by the top 1 percent of taxpayers will rise from 32.3 percent to 33.7 percent. * The average tax rate for the bottom 50 percent of taxpayers falls by 27 percent as compared to a 13 percent decline for taxpayers in the top 1 percent. Treasury Department analysts credit President Bush's tax cuts with shifting a larger share of the individual income taxes paid to higher income taxpayers. In 2005, says the Treasury, when most of the tax cut provisions were fully in effect (e.g., lower tax rates, the $1,000 child credit, marriage penalty relief), the projected tax share for lower-income taxpayers fell, while the tax share for higher-income taxpayers rose. I agree with you, Mitch, I am tired of people saying that the Bush Tax cuts favored the rich. Here are the REAL numbers from the SOURCE. Donald H. Snook _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
