Re: By the numbers: Who Wins, Who Loses

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Article #190

#190

From: gamer
Date: Mon, 30 Oct 2006 12:48

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Larry Bud wrote:

>>>Obviously those who pay the majority of the taxes get the majority of
>>>the benefit.  If you pay zero in taxes, a tax cut won't affect you.
>>>
>>>The top 1% pay 36.89% of the taxes.  The top 50% pay 96.7% of the
>>>taxes.  Half of this country is living off the backs of the other half.
>>>
>>>See row 170:
>>>http://www.irs.gov/pub/irs-soi/04in05tr.xls
>>>      
>>>
>
>  
>
>>This is pure fiction.
>>    
>>
>
>LOL!  Talk to the IRS, it's their data, right from their site.
>
>  
>

I did - the facts are

Total taxes = 25% GDP

8% Federal Income
6% FICA
5% State (income, sales & other sources)
3% local (primarily property)
2% federal corporate income
1% other federal (excise, etc)

While some pay a higher percentage of their taxes via federal income 
tax, others pay a higher percentage via FICA, sales, etc.

Federal income taxes are only about 1/3 of total tax revenue.  To ignore 
FICA, sales, property, etc is pure ignorance.

Another fact is those >$100k enjoy the highest (by far) percentage of 
tax free income (tax free medical expenses - amongst others - being a 
significant perk).

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Subject: Re: By the numbers: Who Wins, Who Loses
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