Who Owns America's Wealth?
Tex wrote:
On Jun 28, 1:58 am, D Peter Maus wrote:
The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)
The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%).
The top 10% pay 65.84% (Up from 2002: 65.73%).
The top 25% pay 83.88% (Down from 2002: 83.90%).
The top 50% pay 96.54% (Up from 2002: 96.50%).
The bottom 50%? They pay a paltry 3.46% of all income taxes (Down
from 2002: 3.50%).
The top 1% is paying nearly ten times the federal income taxes than
the bottom 50%!
Those are smoke and mirror figures put forth to placate the public.
Those are figures released by the IRS. IRS isn't there to placate
anyone.
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