--- In [email protected], "jim_flanegin" <[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. Tax cuts necessarily benefit those who pay the > > overwhelming bulk of the taxes. This simple truth allows the left > to > > attack each and every tax cut proposal on the grounds that it > > disproportionately benefits the rich. > > > > Yet we have exactly the kind of steeply progressive tax system > > championed by Karl Marx. > > > Look at the greatly disproportionate distribution of income in this > country, and you may get a clue why "the Left" thinks "the Right" is > so greedy. Or you can just keep lying with statistics. By the way, > the top 10% own 70% of the wealth, so they damned well better pay > 67% of the taxes. The top 1% own 33% of the wealth. That means each > of the top one percent is worth about $15,000,000. :-)
I'm glad SoC and knowledge of economics are not correleated. Nor with logic. Or are they? hmmmm. >
