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Strategies & Market Trends : Fidelity Funds

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To: Julius Wong who started this subject	4/18/2003 10:41:25 PM
From: Julius Wong	Read Replies (1) of 11457

From my friend Bob: I hear so much about tax info on the news, etc. that I decided to try to find some reliable data on the subject. I haven't been to the library - i took the lazy man's way and did a web - Google search using "Income Tax Distribution." I also checked the IRS site. I found a few relevant items. I didn't find as much as i expected. I thought some of you might be interested so I'll send a couple .PDF files with some charts, I also am sending some of the data I transferred to an Excel spreadsheet - if you don't use Excel, I also made up a text file (TaxDistribution-a.txt) that shows year 2000 tax data. I also attached the "Tax Story" / from the Dupree Newsletter. If you know of some other sources for this kind of info let me know. The main result i interpret from this is, that for the year 2000: Taxpayers with the highest 10.2% net incomes ($100,000 or more) make 40.6% of the income and pay 66.8% of the tax. Taxpayers with the highest 33% net incomes (about $60,000 or more) make about 70% of the income and pay about 90% of the tax. (the 90% mentioned at the end of the Newsletter).

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