To: Your Nightmare
Most recent data that I have seen on sources of the funds that go into the National Cash Register: (there is only one)
FY2003:
Personal Income Tax = 44.5%
SSI = 40.0%
Corporate Income Tax = 7.4%
Excise Taxes = 3.8%
Other Taxes = 4.3%
TOTAL = 100.0%
Personal Income Tax Payers:
In 1986 the top 5% of Federal Personal Income Tax Payers paid 42.57% of the total and the bottom 50% of Federal Personal Income Tax Payers paid 6.46% of the total.
In 1993 the top 5% of Federal Personal Income Tax Payers paid 47.36% of the total and the bottom 50% of Federal Personal Income Tax Payers paid 4.81% of the total.
In 2001 the top 5% of Federal Personal Income Tax Payers paid 53.25% of the total and the bottom 50% of Federal Personal Income Tax Payers paid 3.97% of the total.
To: leprechaun9
But those figures do not count the hidden, embedded taxes that have been embedded into the cost of everything we now buy.
Everyone gets hit with that taxation and no one knows ezactly how much it really is, but it is substantial.
304 posted on
05/16/2005 7:32:42 PM PDT by
pigdog
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