To: cherry_bomb88
Those figures are based on the fact that the top 5% of tax payers, while earning only 28% of the income, pay 50% of the taxes.That could be true. I know of somebody who made 90K a year and had to pay 17K of taxes. Talk about thievery.
The top 1% of tax payers, while earning only 14% of the income pay 29% of the taxes.
How interesting.
Just remember that those who created this funny money that we all pay tax "interest" on don't pay taxes. I'm talking about those who created the federal reserve. Those who created the federal reserve own the world! We are all slaves to them!
To: goldilucky
Goldi, 50% of the taxes means that they pay in 50% of all the taxes the government receives....for example, say the government takes in $100,000 in taxes...that would mean that $50,000 of that is paid by 28% of the tax payers, the other 72% of the tax payers divide the rest, with the bottom 11% paying NOTHING (and thanks to earned income credit, sometimes getting back more than they even paid in).
512 posted on
04/17/2003 6:54:34 AM PDT by
cherry_bomb88
(Are you on the right side of the wrong issue or on the wrong side of the right issue???)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson