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To: Seeker of Truth who wrote (50985)	6/16/2004 5:07:18 AM
From: Night Trader	Read Replies (1) \| Respond to of 74559

Malcolm, You don't understand; ACflyer needs the money for his psychotherapy and anger management training. It's either that or he moves to Idaho and joins a militia.

To: Seeker of Truth who wrote (50985)	6/16/2004 10:55:46 AM
From: AC Flyer	Respond to of 74559

>>You also didn't remember a raft of tax relief measures, crassly referred to by pinko reformers as tax "dodges".<< Yes, I did. The average tax rates that I quoted are the net result of the federal income tax code, including all so-called "tax "dodges"", on the groups of taxpayers referenced. >>The exploited rich can see any part of the world they choose, get way down front opera tickets, play on golf courses with gorgeous scenery etc.<< What is this, other than pure unvarnished envy? In the US, the great majority of the "rich", have created their own financial situation through their own efforts. This is called capitalism, Malcolm. >>The miserable person who makes ten million unhappily gets to keep only 7.25 million of it, whereas the grasping poor can keep $13,500 out of their $14,000 income.<< I see that you grasp my point exactly. Not only does the wealthy taxpayer have an average tax rate that is many times that of the the not-wealthy, in your example the first person is paying 5,500 times the absolute dollars of the second person in income taxes. By the way, just as a point of fact, a person with a $14,000 income pays no federal taxes in the US. In fact at that income level, that person would pay negative total federal taxes, getting a federal check in the form of the Child Tax Credit and Earned Income Tax Credit that is almost 4 times their withheld FICA payments. There will be an estimated 44 million Federal tax returns filed in the US in 2004 that have zero income tax liability. i.e. about 30% of US tax filers pay no income taxes. A large number of these filers will get CTC and EITC checks that totally offset their withheld FICA payments. These filers pay zero FICA, yet will still draw social security at statutory retirement like the rest of us working stiffs.