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To: kvkkc1 who wrote (51951)4/21/2001 9:40:26 AM
From: flint  Read Replies (1) | Respond to of 77397
 
Everyone I know has a 401K.
Its possible that this is simply my world. Is there any breakdowns available on the origin of the money that is in the market.

Flint



To: kvkkc1 who wrote (51951)4/21/2001 10:02:00 AM
From: Wyätt Gwyön  Read Replies (3) | Respond to of 77397
 
That's why the top 1% of income earners pays over 30% of income taxes and the top 20% pay approx. 60%.Why else would anybody be stupid enough to support the current Social Security program?knc

you need to distinguish between Federal taxes on the one hand and FICA/payroll/self-employment taxes on the other. Your average Joe pays more FICA than Fed taxes, and the collective FICA/payroll payments of Average Joes exceeds that of Rich Bills.