Whoozyerdaddy
Lifer
- Jun 27, 2005
- 19,216
- 1
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Heh... Tax cuts for the rich! Tax cuts for the rich! Bah...
My post from the other thread...
People in the top 10% are pretty much the only people left to give a tax cut to!
My post from the other thread...
Originally posted by: Whoozyerdaddy
Tax cuts will always favor those with higher incomes when they are the only people paying taxes. The top 1% pay 34% of the income tax. The top 5% pay 55% of all income tax. And the top 10% pay nearly 66% of all the income tax.
We live in a country where half the wage earners pay almost no income tax.
Oh, and how rich do you have to be to get in the top 10%? Answer: An adjusted gross income of $51,000.
Link Scroll to the bottom... Last line.
People in the top 10% are pretty much the only people left to give a tax cut to!