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To: Investor2 who wrote (23195)	12/23/2002 7:29:15 PM
From: eeziee	Read Replies (1) \| Respond to of 24042

Figures don't lie but liars figure. "As the table shows,"............. "a decade earlier in 1989, approximately 55% of all federal income tax collections came from the top 10 percent of income earners, 1999 data shows that percentage is now paid by just the top five percent." Yes but what percent of the total income was earned in 1989 by the top 10% vs. the top 5% now? Some figures showing if there has been a shifting of wealth and percent of income to a smaller percentage of earners would be interesting. taxpolicycenter.org If not for some of those incentives and tax breaks received by my parents (and by me when I hit a low point a few years ago), I might not be in the highest quintile now. I pay a hell of a lot of taxes. It sucks. However, I would much rather be in my current position than back in the lower two quintiles. My mother raised seven kids with some occasional help from welfare. Most of us are now paying from that top 20%. She appreciated it and I have known others who in spite of hard work needed help at times. Try walking a mile in those shoes sometime. eezie

To: Investor2 who wrote (23195)	12/26/2002 3:20:31 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 24042

According to preliminary data released by the Internal Revenue Service, the top-earning one percent of U.S. taxpayers (annual income over $293,415) made 19.5 percent of the income earned in 1999 and paid 36.2 percent of the total federal individual income taxes collected that year. This fraction of the tax burden paid by the top one percent--well over a third of the total--is up from 25.2 percent ten years earlier in tax year 1989 (data for 1999 is the latest available). Cry me a river. How many of these people are the Jeffrey Skillings, Ken Lays, Jack Grubmans, and Bernie Ebbers of the world? VERY FEW people making these Big Bucks truly earn it from my experience. It is not an easy thing to create value in business, and yet many people get rich by falsely claiming to. You are in fact arguing that these people(the people I mention above) pay too much in taxes! Ludicrous.