The Mudcat Café TM
Thread #59921 Message #963167
Posted By: GUEST,Larry Kaufman
06-Jun-03 - 08:53 AM
Thread Name: BS: Conservative, Liberal, or Human Being?
Subject: RE: BS: Conservative, Liberal, or Human Being?
A few facts from the IRS web site.
Bracket Earn Pay in Tax
1% 20.8% 37.4%
5% 35.5% 56.5%
10% 46.0 67.4%
50% 87.0% 96.1%
The top 10% of wage earners (ave family income around $93,000) earn 46% of the money but pay almost 70% of the taxes. The liberals say this is not enough. How much should the top 10% pay- 80%, 90%, 110%?
Conversely, the bottom 50% of wage earners (half of us) pay less than 4% of the income tax. Is that fair?
I heard a great comparison about the recent flap over giving tax child credit to the lower income people who don't pay income tax. Two people walk into a store and purchase the identical item for $10. One pays with a ten dollar bill. The other pays with a hundred dollar bill and get ninety dollars back. The first one complains why he doesn't get the ninety dollars back and demands that he gets ninely dollars back as well.