--- In [email protected], "authfriend" <[EMAIL PROTECTED]>
wrote:
>
> --- In [email protected], "shempmcgurk" <shempmcgurk@>
> wrote:
> >
> > The so-called rich pay almost all of the income taxes in this
> country.
> > In fact, the top 1% highest-earning Americans pay a whopping 37%
of
> all
> > individual income taxes collected. The top 10% pay 67%. In
other
> > words, 10% of Americans pay two-thirds of the taxes. Half of
all
> > taxpayers those in the bottom 50% of earnings account for
less
> than
> > 4% of income tax revenues. This means no matter how taxes are
cut,
> > it's nearly impossible for those cuts to primarily benefit lower-
> > earning taxpayers.
>
> Actually, it sounds like it means you can
> give the bottom 50 percent a hefty tax cut
> without reducing tax revenues much.
>
Considering the bottom 50% only account for a measly 2.8% of the
wealth in this country, we could eliminate taxes for them
altogether. I don't think its a good idea, but since we're playing
with numbers...:-)
