Posted by manualblock [ 69.112.69.86 ] on October 10, 2005 at 20:50:50:
In Reply to: Re: You have to be realistic.. posted by Mr Vinyl on October 10, 2005 at 13:41:41:
Yeah; allow me to apologise for my tardiness; the Sunday was an affair with the family and today I had class for 41/5 hours plus travel so I am pooped at this point.
I will produce don't worry but you are missing the point that the middle third pay most of the taxes; even by your analogy and another thing; the rich get more entitlements than the poor do.
Look at what you wrote. The lower 95% pay 60% of the taxes but make only 50% of the money Thats 95%. So figure on an individual basis how much each member of that 95% group pays at a 60% total compared to the 5% and what they pay at a 50% Total.
Ie; one guy paying income tax on 1.5 million earned income(Which by the way would not happen since he would shelter all of that), pays less than twenty guys pay making 75k$ per year.
That you can find in the charts pretty easy yourself while you wait.
Give me a little more time and I will post a good summary of the facts as reported in the IRS documents.
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