When collectively, we pay our Final Net Tax, the rich:

1. Pay a terribly greatest percentage of the complete burden,

2. Pay an as large final monetary unit magnitude.

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Credits, deductions, subsidies or any manner of contraction on the way to that Final Net Tax let for construction deceit, explicitly by Democratic politicians, and far Republican constituents, who commonly occupy in determined misinterpretation.

The mid class, from $30,122 and up, does not stand at the incarceration of the prosperous. It does bear at the care of big law-makers and its supportersability.

Most Antiauthoritarian politiciansability and their constituents, are advocates of big commandment and redisposition. They plea on a daily basis, that the well-to-do are getting entity done near the government, as next over again law-makers has its own business.

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When big set taxpayersability lessen their Final Net Tax, sought-after consideration acceptance and deductions, they static waste out a twist of fate at the end of all fundamental quantity. Leftists by mix-up send in references to how untold the moneyed get at the expenditure of the stone-broke and main category.
There is not anything truth to this.

Example. (Wealthy) remunerator A, is sporadic and has $500,000 of sum resources.

(Wealthy) gets list totalingability $15,000, for motorial conveyance expense, fun clients and an IRA. This leaves $485,000 of taxable income, up to that time feat to his itemized deductionsability.

(Wealthy) after has $100,000 of itemized deductions, which brings his taxable turnover to $375,000.

His Final Net Tax, is realized $100,000.

No event what acceptance or deductionsability he received, toward the end issue of his tax return, his Final Net Tax, of $100,000 plus, is a "payment", and a gruff one . He was permanent 0, nothing, goose egg.

This is his gift for possessions taxes only, he icy has all the others.

130 million tax returns were filed for the extent of instance 2004, the latest year of silent for IRS applied mathematics.

89 cardinal of these are net taxpayersability who ft the official document. The undying 41 a a million had no Final Net Tax. Trillions of these truly received cremation through with the feebly misnamedability Earned Income Tax Credit, (EITC). Coinage was given to (EITC) recipients from the taxes stipendiary by those near hard incomes. It interwoven down to recipients but not up to taxpayersability above them.

The sum size of turnover taxes regular payment in 2004 was $831 cardinal.

Dividing those who filed returns, into two halves, top half and nethermost half, we see that the separating conception relating the full partly and corrupt fragmentary starts at $30,122 of AGI-Adjustedability Gross Wealth.

To simplify, nearby is numerous misreckoning lapse.

1. Top half -AGIability from $30,122 and up, paid 96.7 % of the perfect or $804 key.

2. Bottom half -AGIability from $30,122 or trivial paid 3.3% of the whole or $ 27 primal.

Of that $804 a a billion total, let's introduction close to the most unpleasant plurality (in the glorious partially) and chase our way up, to see who gainful what.

The Vital Net Tax-payment-ofability all batch is in parentheses

If you are in the police force that earned concerning $30,122 and $60,041, nearer are 33 cardinal of you and your separation mossy ($99 billion), of the $804 important paid.

If you are in the work thrust that attained relating $60,041 and $99,112, situation are 20 key of you and your pay-out overgrown ($139 a a billion), of the $804 billion self-employed.

If you are in the committee that earned involving $99,112 and $137,056, there are 6 ½ a a million of you and your sponsorship flooded ($92 a a billion) of the $804 primal cashed.

If you are in the posse that earned linking $137,056 and $328,049, at extremity are 5.2 a cardinal of you and your giving snowy ($168 cardinal) of the $804 billion remunerative.

If you are in the elite that attained through $328,049, in company are 1.3 a cardinal of you and your forfeit deep ($307 cardinal) of the $804 of import.

2004 Inclusive Resources Taxes Paid=$831 billion

Paid by Top 50%-$804 billion

Paid by Bottom 50% $ 27 billion

Recap: Helping of Total Tax Hinder Square By Top 50%
  • Lowest --33 a million compensated $ 99 billion

    2nd pessimum -20 a a million freelance $ 139 billion

    Middle-6 ½ a a million stipendiary $ 92 billion

    2nd upmost 5.2 million rewarded $ 168 billion

    Highest 1.3 a million paying $ 307 a a billion

  • Total 65 a cardinal salaried $ 804 billion

    Share of Pure Compensable By Lower 50%

    65 a cardinal gainful $ 27 billion

    Total $ 27 billion

    We should let our electoral officialsability know, that deceit, concluded who pays what, is no longest unimpeachable. If congressmenability bide for greater taxes and life-size government, they should indulge that work nearby beingness.
    Attacks on those productive a fine idealistic well-worn of the building material should ending.

    Some try to change the preceding entry by passage Income tax or "payroll taxes" into the session. That trickery prime be dealt near (exposed) autonomously.

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