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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (3100)	10/18/2000 6:28:26 PM
From: KLP	Read Replies (1) \| Respond to of 10042

Looks like you didn't read this post, so again... and I suggest you check the IRS site out as well.... To: davidkarasick who wrote (3006) From: John Carragher Wednesday, Oct 18, 2000 8:58 AM ET Respond to Post # 3007 of 3090 UPPER-INCOME TAXPAYERS pay a larger chunk of the nation's income taxes. The top 1% paid about 35% of all federal personal-income taxes for 1998, up from 33% the previous year and 29% for 1993, according to new IRS statistics posted on the Web site of Congress's Joint Economic Committee (www.house.gov/jec/). The report also shows the top 1% earned about 18% of adjusted gross income for 1998, up from about 17% the prior year. For 1998, the bottom half of taxpayers paid 4% of the income-tax tab, about the same as each of the past few years. These numbers don't include Social Security and Medicare taxes. To rank in the top 1%, you had to report adjusted gross income of $269,496 or more for 1998. To rank in the top 5%, your income had to be at least $114,729. This group paid about 54% of total personal-income taxes. To rank in the top 10%, your income had to be at least $83,220. For the top 50%, your income had to be at least $25,491. The IRS data was requested by Rep. Jim Saxton, the Joint Economic Committee's vice chairman. /////////// Tax returns for vice-presidential nominee Dick Cheney and his wife, Lynne, show that their 1999 federal income taxes of about $1.7 million represented about 39% of their adjusted gross income of $4.4 million.