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

To: DuckTapeSunroof who wrote (703575)	9/23/2005 12:48:58 PM
From: PROLIFE	Read Replies (1) \| Respond to of 769670

Even I would agree to a flat tax

To: DuckTapeSunroof who wrote (703575)	9/25/2005 9:49:29 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 769670

In America, under our current system, the Middle Classes are the BEASTS OF BURDEN in our economy According to: irs.gov 90.81% of the income tax paid by individuals in 2001 was paid by by the top 49.47% of the tax filers. (Over $30,000) 51.24% of the income tax paid by individuals was paid by the top 5.92% of the tax filers. (Over $100,000) Reconciling these facts with your statement is something that may require assistance. Please explain it in a way that makes sense given the facts. "One of the depravities of our current system is that only half of Americans pay taxes." True... when considering either an individual's (or a corporation's, for that matter, since the statistics are strikingly similar) income and contrasting it with the percentage effective income tax load borne by that individual... we see a bell curve --- with falling net rates at the lower and the highest income stratas. It appears based on the above data for 2001 that around 70% of filers actually had a net tax liability. This leaves around 30% that have zero cost associated with government largesse. Even 1% is bad. People who have no stake in savings cannot see why we should not give them more for every reason imagined. If you are looking a total taxation, including property taxes, sales taxes, income taxes and any other taxation then the numbers are probably more skewed. If you wish to include excise taxes and lottery ticket purchases, the burden of voluntary taxation upon the lower income individuals starts to have a significant effect on their tax burden. Here are some percentages of the tax burden as a percentage of Taxable income (I assumed the mean of each group) (for the $10M plus with a total population of 574 members I assumed $20M - who knows?): $25,000 under $30,000...................8.91% $30,000 under $40,000..................10.13% $40,000 under $50,000..................10.89% $50,000 under $75,000..................12.69% $75,000 under $100,000.................15.89% $100,000 under $200,000................17.49% $200,000 under $500,000................21.77% $500,000 under $1,000,000..............26.55% $1,000,000 under $1,500,000............28.88% $1,500,000 under $2,000,000............29.52% $2,000,000 under $5,000,000............25.23% $5,000,000 under $10,000,000...........26.10% $10,000,000 or more....................25.55% It can clearly be seen that income tax burden increases as income increases up to rougly $2M. The 4202 tax filers in 2001 with income over $2M seems to have suffered lower tax burden. This is 2001 tax year data.