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To: ancient_geezer
You would be in for trouble from Jefferson and Patrick Henry I'm afraid :O)

Well, I wasn't really advocating that position, I was just going off a little on the concept of "fairness" in relation to taxes.

I was, however, a little more serious about people who just get entitlements from the government not being allowed to vote.

30 posted on 02/27/2004 9:10:53 AM PST by kevkrom (Ask your Congresscritter about his or her stance on HR 25 -- the NRST)
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To: kevkrom

a little more serious about people who just get entitlements from the government not being allowed to vote.

That in itself is a good reason to go to a visible consumption tax. Participation at all economic levels is key to getting government under control.

An interesting side light on income as a measure of one's economic status in society.

If one defines poverty as incapacity to pay for necessities, the statistical link between low income and "poverty" is not as clear as some would like to believe.

I highly recommend studying the source table, especially as to what is included in the income number (it is quite complete including welfare payments, SS etc.).

Table entries excerpted from ftp://ftp.bls.gov/pub/special.requests/ce/standard/2001/income.txt

Table 2. Income before taxes: Average annual expenditures and characteristics, Consumer Expenditure Survey, 2001
Complete reporting of income a/
Item Total
complete
reporting
Less
than
$5,000
$5,000
to
$9,999
$10,000
to
$14,999
$15,000
to
$19,999
$20,000
to
$29,999
$30,000
to
$39,999
$40,000
to
$59,999
$50,000
to
$69,999
$70,000
and
over
Households (thousands) 88,735 4,100 6,829 8,099 7,014 12,075 10,508 8,737 12,480 18,892
Income before taxes b/ $47,507 $1,666 $7,675 $12,380 $17,282 $24,494 $34,456 $44,418 $58,943 $113,978
Income after taxes b/ $44,587 $1,528 $7,678 $12,388 $17,086 $23,924 $33,047 $42,362 $55,572 $104,685
Average annual expenditures $41,395 $20,517 $16,625 $20,642 $25,028 $28,623 $35,430 $40,900 $50,136 $76,124
Estimated market value of
owned home
$97,681 $41,007 $49,326 $53,907 $58,377 $61,612 $72,720 $79,331 $115,123 $194,720
                     
Household Demographics:                    
Age of the reference person 48.0 39.4 54.1 55.4 53.0 49.5 46.8 45.3 44.8 45.5
Avg Number Persons 2.5 1.7 1.6 1.9 2.1 2.3 2.4 2.7 2.9 3.1
Children under 18 0.7 0.4 0.3 0.5 0.5 0.6 0.6 0.8 0.8 0.9
Persons 65 and over 0.3 0.2 0.5 0.5 0.5 0.4 0.3 0.2 0.2 0.1
Earners 1.4 0.8 0.5 0.7 0.8 1.1 1.4 1.6 1.8 2.1
Vehicles 2.0 1.0 .9 1.1 1.5 1.7 1.9 2.2 2.5 2.9
Percent distribution:                            
Homeowner                    65 33 43 51 54 58 62 69 77 87
With mortgage 40 14 13 13 19 25 36 46 58 71
No mortgage 25 20 30 38 35 32 26 22 19 16
Renter                             35 67 57 49 46 42 38 31 23 13
At least one vehicle          88 61 62 71 85 90 94 95 97 97
                     
                     

31 posted on 02/27/2004 9:43:18 AM PST by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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