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To: So Cal Rocket
Pardon me if I toss a few questions your way...nagging questions I would love to discuss....

In 2001, taxpayers with adjusted gross incomes of $200,000 or more accounted for only 2.0 percent of all tax returns, but they forked over 41.3 percent

What does the writer suggest? Should tax rates by identical to demographic status? If 80% of the population fits into my income segment, should I pay 80% taxes? It seems a distortion to put it this way. Naturally, when you consider all the tax payers making big bucks, it adds up to a significant portion of the whole. But how is this different from the leftists who toss out stats about how 5% of the population consumes 25% of the food, or other such nonsense. What's it got to do with anything? Is he saying the top 1% should pay 1%?

7 posted on 02/27/2004 7:39:30 AM PST by Huck (OK. I'm over it.)
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To: Huck
I think he's only trying to refute the liberal's arguement that "the rich aren't paying their fair share".

He's saying that while those earning over $200K make up 2% of taxpayers (note, it's not 2% of the population) and earn 28.3% of the total taxable income, they pay over 41% of the total income taxes in the nation.

16 posted on 02/27/2004 7:52:13 AM PST by So Cal Rocket (If consistency is the hobgoblin of small minds, John F. Kerry’s mind must be freaking enormous)
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