http://taxprof.typepad.com/taxprof_blog/2007/10/top-1-pay-more-.html
Top 1% Pay More Income Tax Than Bottom 90% The Tax Foundation has published Summary of Latest Federal Individual Income Tax Data: New data released by the IRS today offers interesting insights into the distributional spread of the federal income tax burden, new analysis by the Tax Foundation shows. The new data shows that the top- earning 25% of taxpayers (AGI over $62,068) earned 67.5% of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86%). The top 1% of taxpayers (AGI over $364,657) earned approximately 21.2% of the nation's income (as defined by AGI), yet paid 39.4% of all federal income taxes. That means the top 1% of tax returns paid about the same amount of federal individual income taxes as the bottom 95% of tax returns. On Oct 22, 8:54 am, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > I have no problem with the richest Americans paying the same tax rate > as struggling working class Americans. > > Why do Republicans have such a problem with this? > > If I am a struggling working class American and I see Congress > spending money to help the rich stay rich as a consequence > of the rich being fiscally irresponsible and running the economy > into a ditch, is it being unfair to ask the rich to them help > pay for the damage of their irresponsibility? > > Apparently the Republicans feel this is unfair. > > I don't. I Think people call it sharing the pain. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
