| Subject: Re: WHO PAYS WHAT TAXES … THE LATEST |
Author:
Ronlee
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Date Posted: 10:57:45 01/19/02 Sat
In reply to:
Rootbeer :o)
's message, "Re: WHO PAYS WHAT TAXES … THE LATEST" on 06:48:29 01/18/02 Fri
> That's the whole point Rootbeer. It ain't a 50/50 proposition any longer. In other words, it has been reduced to class warfare. What is middle income? According to this:
Data on federal taxes from the two leading sources of tax information for Congress — the Congressional Budget Office and the Joint Committee on Taxation — indicate that the federal tax bite on families in the middle of the income distribution is smaller than it was four years ago. Families with incomes of approximately $40,000, for example, would be paying about $580 less in 2001 than they would have paid if they still were paying the same percentage of income in federal taxes as in 1995. Tax burdens on these families have declined by an amount that equals about one percent of their income.
Now if the middle income folks are paying less who is making up the difference? We already know that those on the lower end are falling off the tax rolls completely and the rates at the bottom end are dropping. That leaves the evil rich, of which I am not a member, but whom I will gladly defend, to foot the bill.
Therein lies Mr. Roarks contention.
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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