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The true elite



 
 
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Old October 14th 03, 06:52 PM
Peter Duniho
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Default The true elite

"Dennis O'Connor" wrote in message
...
Notice that 10% of U.S. taxpayers pay 2/3 of every dollar the treasury

takes
in... The crap coming out of peoples mouths that the so called, "rich"
don't pay their share is just that, crap!


You are only using half the numbers. You also have to look at the
percentage of total income. If a group of people are paying 50% of all
income taxes, they are only paying their "fair share" if they only represent
50% of taxable income.

Of course, that also ignores issues such as whether everyone ought to be
paying the same percentage of their overall income or not. Like it or not,
our tax system is designed with the *intent* that the more money you make,
the greater the percentage of your income you have to pay in taxes. So the
actual "fair share" of a group of people who represent 50% of taxable income
would actually be MORE than 50% of all income taxes.

One need only look at examples such as the guy leaving the NYSE to see that
there's a VAST disparity between "normal" people and the nation's wealthy.
I consider myself pretty well off, but that guy received as *severance* more
money than I, or most people, will see in a lifetime. A *lot* more. I see
no reason to believe that the "fair share" of the tax base for him and
earners like him is less than two-thirds.

Pete


 




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