The top 1% is paying more than ten times the federal income taxes than the bottom BUT my guess is they are earning more than 1000 times as much
Limbaugh statistics read in a slightly different way.
It's a wonder we don't have an immediate revolution.
The top 1% is paying more than ten times the federal income taxes than the bottom 1% BUT my guess is they are earning more than 1000 times as much
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 | ||||