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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (15448)	10/12/2002 8:04:31 AM
From: jttmab	Respond to of 93284

For this reason, I think we need to perceive that most of our income remains with us--at least at the federal income tax level. Perception is more important than reality....unfortunately, there's no requirement that they be the same. At a 9.5% national rate of federal personal income tax with the large portion of that being funded by the wealthy, the reality is that we do keep most of our income. But we hear about numbers like 50% of income goes to taxes...I won't argue that number, but if 9.5% is for federal [recognizing that for lower and middle income it's substantially lower than that] and roughly 8% is going to SS, where's the rest of the tax bite coming from.....it's got to be the States. [BTW 0.5% of that 9.5% goes directly back to the States....] We perceive it's a federal tax bite, where the reality, IMO, is that the States are raking it in from the taxpayer, State income taxes, sales taxes, property taxes, taxes for water, fire, cigarette taxes, liquor taxes, gas tax [primarily state]; and I think it's legitimate to call lottery revenue as taxes... etc....It's that States that are dumping on the taxpayer and they don't even provide a BMD program <s>. However, many voters will walk into a booth early next month with two opposing thoughts--(1) I really like the guy and (2) I think the economy is going down the drain. It is up to them to choose between image and reality. True enough. We'll see what happens. jttmab