Free Republic
Browse · Search
News/Activism
Topics · Post Article

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.


302 posted on 05/16/2005 7:16:35 PM PDT by leprechaun9
[ Post Reply | Private Reply | To 1 | View Replies ]


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
[ Post Reply | Private Reply | To 302 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson