N
Nammy
Guest
Source: NY Times - Only the Rich Pay Taxes: Top 20% Pay 80% of Taxes
"The overwhelming majority of federal income taxes are paid by the very highest income earners. The top 1% of income earners pay about 32% of all income taxes. The top 5% pays 51.4%. The top 10% of high income earners, pay 63.5%. The top 20% of income earners pays 78% of all federal income taxes."
"Here's the final number. The bottom four-fifths, 80% - the bottom 80% of income earners pay just 20%, 22% of the federal income tax burden. The bottom 80% pay only 20% of the burden."
Listen link: http://mfile.akamai.com/5020/wma/rushlimb.download.akamai.com/5020/clips/04/08/081304_13_taxes.asx
And we want to give more tax breaks to the poor? How about raising taxes for the poor and lowering taxes for the rich to stimulate the economy!
"The overwhelming majority of federal income taxes are paid by the very highest income earners. The top 1% of income earners pay about 32% of all income taxes. The top 5% pays 51.4%. The top 10% of high income earners, pay 63.5%. The top 20% of income earners pays 78% of all federal income taxes."
"Here's the final number. The bottom four-fifths, 80% - the bottom 80% of income earners pay just 20%, 22% of the federal income tax burden. The bottom 80% pay only 20% of the burden."
Listen link: http://mfile.akamai.com/5020/wma/rushlimb.download.akamai.com/5020/clips/04/08/081304_13_taxes.asx
And we want to give more tax breaks to the poor? How about raising taxes for the poor and lowering taxes for the rich to stimulate the economy!