Quote:
Originally posted by khazadman:
I'm for the flat tax.
Now as for the poor paying the taxes.... Yeah right. here in the US the top 50% of wage earners pay 96.09% of taxes.
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Yeah and they ONLY make something like 87.01% of the taxable income, Hale they're paying what? about 120% of their fare share of taxes. Oh, yeah before anybody even tries to jump on the "well they're rich and can afford it band wagon" If you make over $27,682 a year you are one of the top 50%!
$55,225 you're one of the top 25%!! Pays 84.01% of the tax BUT only earns 67.15% of the income.
$92,144 a year you're one of the top 10%! Pays 67.33% of the tax But only earns 46.01% of the income.
$128,336 a year one of the top 5%! Pays 56.47% of the tax But earns 35.30% of the income.
$313,469 a year one of the top 1%! PAYS 37.42% of the Tax But EARNS ONLY 20.81% of the income!
Now that leaves us with the bottom 50% of income earning tax payers, Hmmmm lets see what their tax burden is compared to the income. Pays 5.91% of tax but earns 12.99% of the income.