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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (47000)	10/9/2004 5:39:37 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In their entertaining 1994 book, America: Who Really Pays the Taxes?, investigative reporters Donald Barlett and James Steele note that the number of filers reporting incomes of $200,000-plus who paid no tax, presumably through outrageous but legal tax dodges, has risen steadily, from 155 in 1966 to 1,081 in 1989, despite numerous attempts to plug the loopholes. That sounds pretty bad, but let's put it in perspective: the number of people making $200,000-plus shot up dramatically during the same time, from 13,000 in 1966 to 787,000 in 1989. The proportion of rich tax dodgers has dwindled from 1 percent of the $200,000-plus class to one-tenth of 1 percent in recent years.