BUT my guess
How about some figures instead of propaganda.
As far as the distribution of cash incomes go the following table is enlightening:
Distributional Estimates Using Household Cash Income, by Dollar Income Category, 1979-1997
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Table H-1a. |
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| 1997 |
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| Income Category | 1979 | 1981 | 1983 | 1985 | 1987 | 1989 | 1991 | 1993 | 1995 | Under 1997 Law |
Under 2000 Law |
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| Total Effective Federal Tax Rate | |||||||||||||||
| $0 to $10,000 | 8.2 | 7.3 | 7.1 | 8.3 | 8.6 | 7.9 | 8.1 | 8.0 | 6.9 | 7.2 | 7.1 | ||||
| $10,000 to $20,000 | 11.2 | 11.3 | 11.2 | 12.6 | 12.0 | 11.6 | 11.5 | 11.4 | 10.1 | 9.7 | 9.6 | ||||
| $20,000 to $30,000 | 16.2 | 16.9 | 15.9 | 16.8 | 16.0 | 16.1 | 16.1 | 16.1 | 16.1 | 15.6 | 15.0 | ||||
| $30,000 to $40,000 | 19.3 | 19.8 | 18.3 | 18.8 | 18.6 | 18.5 | 18.5 | 18.7 | 19.0 | 18.7 | 17.9 | ||||
| $40,000 to $50,000 | 21.2 | 21.9 | 20.1 | 20.2 | 20.2 | 20.7 | 20.5 | 20.9 | 21.4 | 20.8 | 20.0 | ||||
| $50,000 to $75,000 | 23.0 | 24.0 | 21.9 | 22.2 | 21.9 | 22.3 | 22.4 | 22.8 | 23.4 | 22.9 | 22.1 | ||||
| $75,000 to $100,000 | 24.3 | 25.7 | 23.1 | 23.4 | 23.8 | 24.0 | 24.1 | 24.7 | 25.5 | 24.6 | 24.0 | ||||
| $100,000 to $150,000 | 26.2 | 27.2 | 24.0 | 24.1 | 25.1 | 25.0 | 25.3 | 26.1 | 26.9 | 26.0 | 25.7 | ||||
| $150,000 to $200,000 | 29.8 | 28.5 | 24.3 | 24.3 | 26.6 | 26.0 | 26.6 | 27.3 | 28.7 | 27.8 | 27.6 | ||||
| $200,000 and Over | 36.2 | 31.4 | 26.7 | 25.8 | 29.5 | 28.3 | 28.6 | 32.5 | 35.1 | 32.4 | 31.9 | ||||
| All Categories | 23.4 | 23.5 | 21.2 | 21.8 | 22.6 | 22.8 | 22.6 | 23.8 | 24.9 | 24.6 | 24.1 | ||||
The bottom 50% of the population earns 13% of all income. Do you really need tables to figure out that the bottom 1% earns virtually nothing? Where's common sense?