Quote:
Originally posted by 98MustGT
I think Kerry meant to say he is going to increase the taxes on those making 20,000 a year or more not 200,00 a year.
According to the GAO for 2001...
Top 5% pay 53.25% of all income taxes .
The top 10% pay 64.89%
The top 25% pay 82.9%
The top 50% pay 96.03%
The bottom 50%? They pay a paltry 3.97% of all income taxes.
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People love floating those numbers but they never give a breakdown of how much total money each group made.
The bottom 50% makes less than 20k per year. How much can you expect to get from those people? Why not give them all their money back. They are the ones who are struggling the most. If its really only 3.97% than the govt can afford it before they give cuts to other people.