Who Actually Pays The Taxes??

Discussion in 'Economy' started by Bonnie, Oct 19, 2004.

  1. Bonnie
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    Bonnie Senior Member

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    www.townhall.com/columnists/brucebartlett/printbb20041019.shtml



    IRS Figures: Average aggregate income taxes

    Income Group-----Tax Share
    Top 1%--33.7 percent
    Top 5%--53.87 percent
    Top 10%--65.7 percent
    Top 25%--83.9 percent
    Top 50%--96.5 percent

    The data also reveal the despite the Bush tax cut, the income tax is still highlt progressive--taking more form each group as their incomes rise. the following percentages measure the taxes paid by each group divided by their income. Economists call this the average or effective tax rate.

    Income Group:
    Top 1%--27.25 percent
    Top 5%--22.95 percent
    Top 10%--20.51 percent
    Top 25%--16.99 percent
    Top 50%--14.66 percent
    Bottom 50%--3.21 percent

    Looks like the rich and middle-class are getting hit pretty well.
     
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  2. phadras
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    phadras Member

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    they wish to give "Tax Breaks" to DON"T PAY MUCH IF ANY TAXES!!!

    But then that would kill the class warfare argument they have been running up the flagpole for 70 years....
     
  3. Turboswede
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    Turboswede Very Metal

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    You are right, we should be cutting payroll taxes instead.
     
  4. Larkinn
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    Larkinn Senior Member

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    pssst...thats cause they have all the money.
     
  5. dilloduck
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    dilloduck Diamond Member

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    Bingo--you think they should be punished some more because they are successful .
     
  6. Turboswede
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    Turboswede Very Metal

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    Taxes are not punishments...those are fines
     
  7. dilloduck
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    dilloduck Diamond Member

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    ooooooooooooohhhhhhh well no wonder I've been so confused !!:D
     
  8. Larkinn
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    Larkinn Senior Member

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    Umm, nice assumption but unfortunately a bit off the mark.

    I think someone has to pay taxes, and gee it might as well be the people with all the money.

    Taxing the poor is like going fishing in Nevada.
     
  9. pegwinn
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    pegwinn Top of the Food Chain

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    Still on the same subject but switching gears to business.

    Is there anyone who actually believe that any business pays taxes at all?
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    I wish your side would acknowledge that they pay less of the taxes because they can not afford to pay more taxes with so little income to survive on.....untill this is recognized, we will continue to be a borrow and spend nation and China will own us.....

    you can't get blood out of a turnip:(
     

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