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To: Zero Sum
Then we would still need to know an income (instead of wealth) distribution to draw any meaningful conclusions from the data that was posted.

Here ya go:

...The 1% of households with the highest income paid 39% of all income taxes.

...The 5% of households with the highest income paid a tad less than 60% of all income taxes.

...And the richest 10% of households paid 70% of all income taxes.

47 posted on 12/17/2007 1:56:15 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: okie01
Thanks, but that information was already provided. ;)

I was talking about comparing those numbers (the tax distribution) to the actual wealth and/or income distributions.

For example: Under a flat tax, if the top 1% of households earned 39% of the national income, then it would follow that the same 1% of households would pay 39% of the nation's income tax. So even under a "fair" tax system like a flat tax, the numbers that the WSJ provides would still be possible, depending on the income distribution. Thus, the assertion:

"Based on the latest available tax data, no Administration in modern history has done more to pry tax revenue from the wealthy."

does not follow simply from the tax data that was provided.

56 posted on 12/17/2007 3:16:56 PM PST by Zero Sum (Liberalism: The damage ends up being a thousand times the benefit! (apologies to Rabbi Benny Lau))
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