🚀 go-pugleaf

In article <vc7k9x3ks1c.fsf@jupiter.cs.uml.edu>,
	Albert D. Cahalan <acahalan@jupiter.cs.uml.edu> wrote:

>That is the misconception right there.  While someone poor may not
>pay much, there are many poor people.  There are very few rich people.
>If you could charge the rich 100% it wouldn't make much difference.

CNN reported a statistic a few weeks ago that something like the top 50%
of all wage-earners pay 98% of all income taxes. Since poor people,
regardless of their number, are in the lower 50%, the are not paying
hardly any income tax.


>Nope.  The top 10% is not rich, maybe the top 1% is rich.
>That of course depends on your definition, but most people
>would put most of the top 10% in the (upper?) middle class.

The median income in the United States is somewhere in the mid-30's.
That means 50% of all wage-earners make greater than that number,
and 50% make less than that number. Comparing that to the quoted
CNN statistic above, that would imply that 98% of all taxes are
paid by people making over the median income amount.


MD
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