Nicholas Geti wrote: > You are all forgetting that corporations pay most of our taxes. Guess who > ultimately pays; it is the consumer whether rich or poor. Whoever buys the > most, pays the most. Which is probably the middle class. > That would be true for the sales tax, which flow back to each state. The US federal tax system taxes yearly income base on rates that increase as income progresses upward.
http://www.moneychimp.com/features/tax_brackets.htm I'm not having any luck finding how much of the total federal revenue come in under each tax bracket, and I really don't think it would answer my question anyway; because, the max tax bracket kicks in at around $349,700 for married couple filing jointly. That really not much money these days. I did a search on middle income folks, but the result would be dependent on how you defined poor, middle income, and rich folks. Many people that file income taxes have negative taxable income, even some very rich folks, so they would need to be eliminated from the statistics. Probably the best way to answer my question would be a table that show total Federal Revenue for 2007 broken down within taxable income ranges with $10,000, then $100,000, and the $1,00,000 increments. Regards, LelandJ > > ----- Original Message ----- > From: "Leland F. Jackson, CPA" <[EMAIL PROTECTED]> > To: "ProFox Email List" <[email protected]> > Sent: Monday, September 24, 2007 1:56 PM > Subject: Re: [OT] Question for the economists > > > >> [EMAIL PROTECTED] wrote: >> >>> Leland, >>> >>> In your description of the 'progressive' tax system, you admit that the >>> poor pay little or no taxes, and the middle class, minimal taxes. So the >>> only place left to cut taxes is for those that are better off. You may >>> not like this on the grounds of your particular type of morality, but >>> consider what the rich do with their money. They invest it and they buy >>> things. Now if not too much finds it's way out of the country and the >>> things they buy do not include politicans, this creates jobs and puts >>> money in other peoples pockets. How anyone can help but understand this, >>> I do not know. >>> >>> >> I think it is incorrect to say that the very wealthy pay all the USA >> taxes. >> > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
