Posted by manualblock [ 69.112.69.86 ] on October 11, 2005 at 08:44:44:
In Reply to: This is 180 degrees wrong.... posted by Mr Vinyl on October 11, 2005 at 07:15:40:
I was quoting the numbers you gave on your site. That is where the top 5% are shown to make 40% of the money. Check it out above.
I think you are confusing the amount of total taxes that come from the top 5% with the total amount in dollars that people earn. The taxes paid on income is a refelection of what is down on your 1040 as what you owe the government. It doesn't say anything about howm much total money the top 5% make; just the proportion of what they pay into taxes.
Don't worry I'm coming this is a good thing to do but takes a little time.
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