Who Owns America's Wealth?
 

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%!

The Hidden Entitlements, released in May of 1996, describes the tax
loopholes for the rich and corporations that are hidden in the tax
code. Each of the entitlement programs contributing to the $455
billion in tax loopholes for 1996 is described in detail, with
detailed cost estimates for the next seven years for each program. See
http://www.ctj.org/html/hemenu.htm