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Politics : Foreign Affairs Discussion Group
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To: KLP who wrote (138915)7/6/2004 7:36:03 AM
From: Maurice Winn  Read Replies (1) of 281500
 
Wow, I'd have guessed a LOT more than 50% of taxpayers are paying Federal income tax.

But a lot of them must own shares in companies which are paying tax, which means they are paying tax as the company itself is just an abstract representation of the owner's property and companies pay a LOT of tax.

Some of that ownership will be in pension plans, trusts or something, but it's still those people paying the tax, with their surrogate legal entities doing the actual transfer of money to the US government.

Mqurice
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