| Subject: Re: WHO PAYS WHAT TAXES … THE LATEST |
Author:
Rootbeer :o)
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Date Posted: 06:48:29 01/18/02 Fri
In reply to:
H.Roark
's message, "WHO PAYS WHAT TAXES … THE LATEST" on 06:18:58 01/18/02 Fri
Can't say it ain't so...but I can say that there was some "mention" of these figures on Disney's ABC news recently. Can't say exactly what day it was but I do remember that it was spoken out loud on the air. For what it's worth.
So now explain why it is if the top 50%'s tax rates keep going up, the top 50% don't do something about it? If 50% are getting tax breaks and 50% are getting tax broke, then they should be on equal footing to butt heads about evening it out.
Rootbeer :o)
>The latest numbers are out … these for 1999 … on just
>what segment of our population pays what share of our
>income tax burden. As columnist Bruce Bartlett puts
>it, this is excellent anti-class envy material.
>Over the years there has been a steady progression in
>the shift of the responsibility for the payment of
>federal income taxes to high-achievers. As I have
>told you countless times, this is all according to the
>plan. The plan to shift the entire responsibility for
>the payment of federal income taxes to a minority of
>the taxpayers. This, of course, leaves the
>class-warfare party, the Democratic Party, free to
>soak the rich minority, who pay all the taxes, for the
>benefit of the lower and middle income majority, which
>pays virtually none of the income taxes. A sure
>vote-buying formula.
>OK .. here’s the latest from Bruce Bartlett’s colum.
>For some historical reference Bartlett points out that
>in 1975 the top 1 percent of income earners in this
>country paid about 18.7 percent of all federal income
>taxes. Keep that figure in mind.
>Now .. the figures for 1999. The top 1 percent of
>income earners now pay 36.2 of all federal income
>taxes. For those of you who attended government
>schools, that’s over one-third. This is double their
>share of the tax burden from 1975. If you have any
>brains at all you will want to know just what share of
>total income this top 1 percent earned. After all, if
>they’re earning 36.2 percent of the income then they
>should be paying 36.2 percent of the income taxes.
>That would only be fair, wouldn’t it? Well, the fact
>is that this evil top 1 percent of income earners only
>earned 19.5 percent of the income in 1999. As
>Bartlett points out, their share of the income taxes
>exceeds their share of the income by almost 17 percent.
>Now for some other income-earning segments.
>If you’re in the 5 percent of income earners your
>share of the income taxes paid went from 36.6 to 55.5
>percent from 1975 to 1999. The top 10 percent saw
>their share increase from 48.7 percent to 66.5
>percent. If you’re in the top 25 percent you’re now
>paying 83.5 percent of the income taxes. In 1975 you
>paid 72 percent. How about the top half? Your share
>is now at 96 percent. The bottom half pays 4 percent.
>Guessing game. Of all the segments I mentioned above,
>which segment saw their share of the total income
>taxes paid actually go down in the last 25 years?
>You’re right. Only one segment. The bottom 50
>percent.
>Another question. Which segment listed above has an
>income share that exceeds their share of the income
>taxes paid? Again, only one. The bottom 50 percent.
>When these figures first came out in 1975 liberal
>Democrats in congress denied them. They refused to
>believe the figures could be correct. They demanded
>that the Congressional Research Service develop the
>correct figures. After their own study was done, they
>found the figures were true.
>These figures never fail to amaze those who actually
>see them. Unfortunately, the vast majority of people
>in this country don’t listen to talk radio and don’t
>study Treasury publications. So, since these figures
>certainly aren’t going to be featured on ABC News or
>Entertainment Tonight --- most people will never know.
>Bottom line? The evil, hated rich most certainly are
>paying “their fare share” of the taxes and are richly
>deserving of a tax cut. Just try to say it ain’t so.
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