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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (144342)	10/31/2008 10:15:53 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 173976

"They pay a lot more in taxes than I do, and last time there was an increase their taxes where increased much more than mine." They also make a lot more money than you do and they had their income increase a helluva lot more than the bottom 90%, ie about 40% more. In the years 1993 and 1997 see the change in income for the top 1% vs the bottom 90%. Note that depending on whose data is used the result changes. The IRS data includes capital gains, the census data does not. With the bottom 90% it doesn't make much difference. Change 1993 1997 At the top Top 1% Top 5% Top 1% Top 5% IRS, after-tax income 30.6% 19.2% 41.4% 26.5% IRS, before-tax income 29.1 19.7 41.2 28.3 Census,before-tax income na 8.3 na 11.6 For the bulk of the population* Change 1993 1997 IRS, after-tax income, bottom 90% 3.4% 4.6% IRS, before-tax income, bottom 90% 3.6 5.1 Census, before-tax income, bottom 80% 3.6 6.8 *Note: The IRS breaks its data out for the bottom 90 percent of tax filers but not the bottom 80 percent. The Census data are broken out for the bottom 80 percent but not the bottom 90 percent. cbpp.org