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Politics : Formerly About Advanced Micro Devices
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To: david_langston who wrote (125458)10/6/2000 1:01:15 AM
From: tejek  Read Replies (2) of 1570477
 
The NYT and VP Gore should get ought to 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).

Dave,

That could be because a very small percentage (around 10%) owns about 90% of the wealth in this country, and assets/wealth tend to generate income.

Someone recently sent me the link to those percentages...I will see if I can find it.

ted
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