SilverWulf
Posts: 196
Joined: 4/7/2005 Status: offline
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quote:
ORIGINAL: bipolarber All I want is to know that the top 2% is paying their fare share, into a system that has allowed them to become so wealthy. Others have asked without an answer, so I'll ask again... What would be 'fair'? While you are thinking about that, here is some interesting data: The top 1% includes anyone earning over $388,000 a year, they pay 39.89% of the entire tax burden. The top 2-5% earn between $153,000 and $388,000, and pay 20.25% of the tax burden. The top 6-10% earn between $109,000 and $153,000, and pay 10.65% of the tax burden. Add it up to this point, and only 10% of the people paying taxes are paying over 70% of the tax burden, the remaining 90% of tax payers, those earning under $109,000 a year, are paying 30% of the burden. Jump to... 11-25% earn from $64,000 to $108,000, and pay 15.47% of the tax burden. This brings us up to 25% of taxpayers paying 86% of the tax burden, leaving 14% of the burden for the remaining 75% of tax payers, or those earning under $64,000 a year. 26-50%, those earning between $31,000 and $64,000 make up another 10.75% of the total tax burden. Which adds up to 50% of tax payers paying 97.01% of the taxes. Leaving 2.99% of the taxes to be paid by those earning under $31,000 a year. So, how much MORE of the tax burden should be paid by those in the top percentiles? note: data is from 2006, which are the latest available numbers from the IRS, and can be found here: http://www.taxfoundation.org/news/show/250.html
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