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

To: tejek who wrote (33866)	3/10/2009 12:10:44 AM
From: TimF	Read Replies (3) \| Respond to of 71588

Its funny how liberals think the money belongs to the government and anyone who doesn't want to fork over more and more of it is at best selfish and cheap and at worst some sort of criminal. and to pay their fair share. They already pay much more than their fair share. ---- The Progressivity of the Tax System The CBO has released a new report on effective tax rates (total taxes divided by total income). Compared with previous reports, it includes more information about thin slices at the top of the income distribution. Here are the total effective federal tax rates for 2005, the most recent year available: Lowest quintile: 4.3 percent Second quintile: 9.9 percent Middle quintile: 14.2 percent Fourth quintile: 17.4 percent Percentiles 81-90: 20.3 percent Percentiles 91-95: 22.4 percent Percentiles 96-99: 25.7 percent Percentiles 99.0-99.5: 29.7 percent Percentiles 99.5-99.9: 31.2 percent Percentiles 99.9-99.99: 32.1 percent Top 0.01 Percentile: 31.5 percent N.B.: These figures include all federal taxes, not just income taxes. gregmankiw.blogspot.com