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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (33329)	2/25/2009 4:38:28 PM
From: TimF	1 Recommendation Read Replies (2) \| Respond to of 71588

Christ, man... just STATE YOUR POINT clearly and concisely. Again I did multiple times, but since you insist I guess I can try again. Who knows, you might actually pay attention this time. ------- The point - Rich people pay a noticeably larger percentage of their income in federal taxes than poor or even middle class people. The Data - People in the lowest quintile pay an average of 4.3 percent of their income in federal taxes, people in the second quintile pay 9.9 percent, people in the middle quintile pay 14.2 percent, peopl in the fourth (2nd highest) quintile pay 17.4 percent of their income in federal taxes, people at percentiles 81-90 pay 20.3 percent, people at percentiles 91-95 pay 22.4 percent, people at percentiles 96-99 pay 25.7 percent, people at percentiles 99.0-99.5 pay 29.7 percent, people at percentiles 99.5-99.9 pay 31.2 percent, people at percentiles 99.9-99.99 pay 32.1 percent, and people in the top 0.01 percentile pay an average of 31.5 percent of their income in to federal taxes. That for all federal taxes, not just the income tax. The Original Source - A CBO report The source where I found the data gregmankiw.blogspot.com