Who Really Pays Taxes? Message Board

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Non-Tech : Who Really Pays Taxes?

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To: c.horn who started this subject	8/14/2000 11:55:34 AM
From: Michelino	Read Replies (5) of 666

Whining in the name of greedy conservative objectives has a long history among the wacky right and other Republicans. It was pointed out by John Kenneth Gailbraith years ago that the philosophy of conservatives is based on the following astounding claims: The rich don't have enough. The poor have too much. But even despite the manipulation of 'statistics' by the propaganda organs of the right, the fact remains: The richest among us are far richer today than they were 20 years ago.... From the Congressional Budget Office Figures: "Projections by the CBO and analyzed by the Center on Budget and Policy Priorities, a Washington D.C. based think-tank, indicate that the most affluent 20 percent of the population is expected to experience an increase of 43 percent in after-tax income between 1977 and 1999. Projected income growth jumps to an astounding 115 percent increase for the top one percent of the population. At the same time, those in the bottom 20 percent of the population are projected to see their after-tax income decline nine percent from 1977 to 1999...Even among higher income households, income growth has been concentrated largely at the very top. Some 90 percent of the projected share of income growth among the top 20 percent specifically benefited the richest one percent. While the top 20 percent is expected to see their share of after-tax national income grow 6.2 percentage points between 1977 and 1999, the share of after-tax income among the richest one percent is projected to increase 5.6 percentage points, from 7.3 percent in 1977 to 12.9 percent in 1999." massteam.org and many others Yet there is still all this yapping and braying among you in the right...something about the super rich deserving even more money, that they should pay even less...etc. You must have a hefty tithe coming due to Mammon, to keep screaming for more and more wealth for the rich

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