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Re: ergo sum post# 7445

Friday, 02/28/2003 4:57:16 PM

Friday, February 28, 2003 4:57:16 PM

Post# of 495952
Half of Americans with the highest incomes pays 96.09% of all income tax. The top 1%, who earn 20.81% of all income covered under the income tax, are paying 37.42% of the federal tax bite.

Less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners.

Top 5% - 56.47% of all income taxes
Top 10% - 67.33% of all income taxes
Top 25% - 84.01% of all income taxes
Top 50% - 96.09% of all income taxes
The bottom 50% - 3.91% of all income taxes

The top 1% earns 20.81% of all income
The top 5% earns 35.30% of all income
The top 10% earns 46.01% of all income
The top 25% earns 67.15% of all income
The top 50% earns 87.01% of all the income

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence , promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."

...PROVIDE for the common defense, PROMOTE the general welfare...


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