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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (329686)	12/16/2002 7:58:47 PM
From: TigerPaw	Read Replies (2) \| Respond to of 769670

the top 50% pay 96% of the tax... For the top earners, the tax bite is still an insignifigant part of their expenses. Of course they pay more because they have so many more resources to pay with. TP

To: GROUND ZERO™ who wrote (329686)	12/16/2002 8:09:00 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Average percent of individual income that went to taxes in 1999: 14.8% Average percent of income that was paid in taxes in 1999 by the 400 richest Americans (more than $110.5 million each in annual income in 1998): 22% The 'spread', the difference in effective tax rates (accounting for loopholes, tax shelters, etc.) was not all that great in 1999. Of course, after the 2001 tax changes, the effective rates paid by the richest were lowered further. When we are already down to pretty close to a 'flat' income tax scheme (7% spread in '99 between the richest, and the average of all tax payers... down to 6%, or 5% now?) it would seem our main problem now is eliminating the corrupting and economic activity-skewing effect of all those special interest loopholes, tax code subsidies and give-aways... and then lower EVERYONE'S rates with the money we save by getting the government out of the "payingback campaign contributor" business.