DIYbanter - View Single Post - OT

In article ,
says...
On Sat, 29 Nov 2003 22:46:08 GMT, "Tom"
wrote:

Which tax cuts are now paying off nicely... It probably irks you no end that
the economy is turning around, in part because of those cuts, doesn't it?

Sucks being you, when your only hope is doom and gloom, doesn't it?

The three million jobs lost since shrub's reign began
aren't back yet.

You guys need to get your stories straight, some other leftwinger has
the number at 20 million.

You can always liven up an economy with defecit
pending. Democrats have played that game also,
Question is how much "livening" you get for how much
defecit spending. How much debt can the USA pile
on? Someone's got to pay, eventually. With shrub's
rules, it's the poor and the middle that pay, and the
rich that make off with the proceeds.

Unfortunately for you, the numbers belie your rant. Who pays the
taxes in the US? According to IRS 2001 statistics, the top 50% of wage
earners pay over 96% of all income taxes. The top 10% pay almost 65%
(64.89% to be precise). The top 5% pay 53.25% of all income taxes. Top
50% earn 86.2% of all income, top 10% earn 43.11% of all earnings, top
5% earns 31.99% of all income. Again, the source here is the IRS
statistics for 2001.

Now, given that the top 50% are paying 96% of all taxes, and the top
5% are paying 53.25%, who has any chance of benefiting from tax breaks
but the people who are paying the taxes.

rafe b.
http://www.terrapinphoto.com