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


To: Srexley who wrote (358439)2/12/2003 8:51:47 PM
From: Lizzie Tudor  Read Replies (3) | Respond to of 769670
 
Actually,

The wealthiest 5 percent pay more than half the taxes, while people in the bottom half pay just 4 percent.
abcnews.go.com

The problem with this, as we all know is that it doesn't include the most egregious of all taxes, payroll taxes, which inappropriately soak the poor and middle class.



To: Srexley who wrote (358439)2/12/2003 9:08:55 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Re: "If you invest money in something (oil drilling in this case) it is a business investment."

>>> Wrong. anyone can invest in an oil production partnership and claim the depletion allowance.

Re: "Do you seriously not believe that the top 10% of income earners pay 50% plus of income tax? One of the posters before gave you some good statistics. I think you know it is true, but that it hurts your bogus argument. If I back it up with IRS statistics will you acknowledge that you are wrong? If so, I will find a credible sourc for you."

>>> Show me the statistics for 1) how much income someone has, and 2) what percentage of it is paid in taxes.

>>> That's the issue.

>>> Go ahead... do your research.