Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (153298)	10/14/2002 8:38:11 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1585100

David, People who assert that the wealthy are able to shelter their income are showing their ignorance of tax law. Agreed. It is next to impossible to do. There is an overwhelming evidence showing that the top income earners pay a huge percentage of total taxes collected - top 5% of taxpayers pay 55% of all income taxes, top 10% pay 66% top 25% pay 83% top 50% pay 96% But as you know, liberals need something to sustain their in their beliefs, and if it takes a lie, so be it. And it is even more ridiculous when they start claiming that a tax cut goes to the rich. If the bottom 50% of taxpayers pay only 4% in taxes, meaning they pay only 4 cents of every dollar, which rounds down to almost zero. Which by the way, I think is an outrage. Half of the population is not asked to contribute almost anything to running of this country. I think all should contribute, even if it is only a symbolic amount, say 1% rate on every dollar earned, no exemptions, deductions etc. I think paying something, even if the amount is symbolic, would give all people a stake in this country, in the way it is run. Joe