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Originally Posted by Ustwo
Sever your numbers are off.
http://www.irs.gov/pub/irs-soi/03in05tr.xls
The Top 50% pay 96.54% of All Income Taxes
The Top 1% Pay More Than a Third: 34.27%
The top 25% pay 88.88% of the Taxes
The vast majority of all taxes are paid by the wealthy, period, anyone who argues otherwise is in a state of cognitive dissonance. |
Those speak to the amount of money, not the percentage of income. If I make $500,000 a year and I pay $50,000 in taxes, and if you make $36,000 a year and pay $10,000 in taxes, that's going to look slightly decieving if you just show what we payed. $50,000 > $10,000, but $36,000/$10,000 > $500,000/$50,000, but I'm sure you already know that.
I still can't believe that you thinkm you're going to get a rise out of people my misusing the term cognative dissonence.
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Originally Posted by Seaver
The bottom 50% either pay next-to, or no taxes.
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Yeah, it was really nice not to pay income tax, sales tax or property tax when I was a poor college student.
