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Politics : Formerly About Advanced Micro Devices
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To: Dan3 who wrote (125443)10/6/2000 12:54:46 AM
From: david_langston  Read Replies (1) of 1570352
 
Dan,

One point made was that the wealthiest 1% in the county pay 18% of the taxes

The NYT and VP Gore should get their facts straight. First of all wealth isn't taxed by the Feds until one dies, only income. Second the 1% of highest income taxpayers accounting for 17.4% of all income paid 33.4% of all income taxes in 1997 (latest available Treasury statistics on income). Citizens for Tax Justice, a leftist organization, charges that the top 1% of earners would get only 42.6% of the tax reduction not 49%.

Dave
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