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To: dave23
The average income in the room is $100,000.

And...if that $100,000 per year income tax is 38% then that person pays $38,000 in taxes (without deductions of course. Divide that by 9 and you get $4,222 for those NOT paying ANY taxes whatsoever.

89 posted on 01/29/2003 8:31:06 AM PST by unixfox
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To: unixfox
And...if that $100,000 per year income tax is 38% then that person pays $38,000 in taxes

No, not really. You get taxed at the lower levels first over the course of the year, even ignoring deductions, etc.

98 posted on 01/29/2003 8:58:07 AM PST by dark_lord (a voice crying in the wilderness...rome is burning, burning, burning...)
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