Contessa_Sharra
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- Apr 27, 2008
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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.
Did you consider the sales taxes, the gas taxes, and the pass through of property taxes that the lower income "we don't own so we can't deduct our mortgage payments but we pay the owners property taxes" that those on the lower end pay?
Arizona taxes business!:
Arizona
Arizona has a transaction privilege tax (TPT) that differs from a "true" sales tax in that the tax is levied on the gross receipts of the vendor and is not a liability of the consumer.[6] (As explained in Arizona Administrative Code rule R15-5-2202,[7] vendors are permitted to pass the amount of the tax on to the consumer, but remain the liable parties for the tax to the state.) TPT is imposed under sixteen tax classifications (as of November 1, 2006),[8] with the tax rate most commonly encountered by Arizona consumers (e.g., for retail transactions) set at 5.6%,[9] though cities and counties add as much as 5% to the total rate.[10] Food for home consumption and prescription drugs (including legend drugs and certain prescribed homeopathic medication) are two of many items of tangible personal property that are statutorily exempt from the retail TPT. Arizona's TPT is one of the few excise taxes in the country imposed on contracting activities rather than sales of construction materials.[11]
Sales taxes in the United States - Wikipedia, the free encyclopedia
Arkansas taxes GROCERIES! FOOD! That is some tacky cheap charley crap!
Arkansas
Arkansas has a state sales tax of 6%, plus any additional local taxes.
Effective July 1, 2007, Arkansas state sales tax on unprepared food (groceries) reduced to 3%. Local sales taxes on groceries remained unchanged.
Georgia
Georgia has a 4% state sales tax rate. Groceries are exempt from the state sales tax, but still subject to tax by the local sales tax rate. ...As of July 2008, total sales tax rates in Georgia are 3% for groceries and 7% for other items in the vast majority of its 159 counties.
Revised October 31, 2007
WHICH STATES TAX THE SALE OF FOOD FOR HOME CONSUMPTION IN 2007?
Forty-five states and the District of Columbia levy general sales taxes. Most of those states have eliminated, reduced, or offset the tax as applied to food for home consumption. The relief strategies include full or partial exemptions from the sales tax for food purchased for home consumption and credits or rebates to offset the food tax. Of the states with sales taxes:
- Thirty-one states and the District of Columbia exempt most food purchased for consumption at home from the state sales tax. South Carolina is the state that most recently eliminated its sales tax on food (effective November 1, 2007).
- Seven states tax groceries at lower rates than other goods; they are Arkansas, Illinois, Missouri, Tennessee, Utah, Virginia, and West Virginia.[1]
- Five states Hawaii, Idaho, Kansas, Oklahoma, and South Dakota tax groceries fully but offer credits or rebates offsetting some of the taxes paid on food by some portions of the population. These credits or rebates usually are set at a flat amount per family member. The amounts and eligibility rules vary, but may be too narrow and/or insufficient to give eligible households full relief from sales taxes paid on food purchases.
- Two states continue to apply their sales tax fully to food purchased for home consumption without providing any offsetting relief for low- and moderate-income families. They are Alabama and Mississippi.
For more details on food tax exemptions and credits, see Nicholas Johnson and Iris J. Lav, Should States Tax Food? Examining the Policy Issues and Options, Center on Budget and Policy Priorities, May 1998.
Which States Tax the Sale of Food for Home Consumption in 2007?, revised 10/31/07
The home ownership regressive taxes issue is examined somewhat here.
Determinants of housing loan patterns toward minority borrowers in Mississippi.
It disproportionately affects minorities.
It must also, where occupational issues are concerned, be looked at from the point of view of slavery and post slavery in the US. During slavery, minorities, primarily black, were considered totally qualified to do anything, which included skilled crafts like carpentry, house building, furniture making, and so on. Post slavery blacks were excluded from all of the same trades as unqualified, incapable, unable to now "learn" those same jobs they had done all along. Schooling, education, training were, and in some cases continue to exclude on the basis of race.
On an unlevel playing field, sales and any other taxes disproportionately impact those on the lower end of things.
Now, included in this lower end are also those whites who are displaced increasingly as well by illegal alien minorities.
The problem is that those on the lower end do not get that their interests transcend race or ethnicity, and that economics is everything. By the disparate groups allowing themselves to get played off against each other they all lose. Joe the plumber needs to get it that he will never own the business; if he was going to, it would have happened long before now, and his "dream" is going to be nightmare before it is all over. No matter the size of the carrot dangled before him, those in power will not let him have a bite, but will keep him in a position where he thinks that he must fight his co-equally disenfranchised. Color/race/ethnicity is an artificial construct maintained to divide those who would ordinarily have common interests and power, were they to unite.
The Anonymous Liberal: The Truth About Minority Home Ownership Initiatives