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Politics : View from the Center and Left

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To: JohnM who wrote (132884)	3/12/2010 12:08:00 AM
From: slacker711	Read Replies (1) of 541002

According to the Tax Policy Center, the richest 1% of all taxpayers, who earn more than 21% of the national income and currently pay about 25% of federal taxes I assume that the Tax Policy Center is mixing Social Security taxes with income taxes...and even then, the numbers are suspect. On income taxes, the top 1% earned 21.2% of income but paid 40.4% of total collected. The bottom 50% earned 12.26% of income and paid 2.89%. Those numbers are courtesy of the IRS by way of the Tax Foundation website. taxfoundation.org We have a progressive system. The bottom half of the income ladder pays virtually nothing for the goods and services provided by the federal government. As for Ryan, he is fighting a fight that has long been lost. We arent going in that direction any time soon...if ever. Any chance the Republicans had to make radical changes to the tax code where lost as they chose the path of least resistance...and that was spending like drunken sailors. Slacker

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