First graph says, "top 5 percent" of wage earners pay 53.25% of the taxes. He uses the misleading "top 5 percent" and pretends it means people who earned 5% of the money are paying 53.25% of the taxes. The funny part: watch the income curve of the three graphs. The first has the top 5% paying 53% of the taxes because they earn about that percent of the money, which he leaves out. Notice that when he goes onto the "top 10% of wage earners" and the total percent of tax paid barely changes, just to 64.89%, he is showing that it really is just a handful of millionaires at the top who make all the money - the first 5% had to pay 53% of the taxes because they made about that percent of the money, while the poor second 5% - the people who he adds to make his second chart - only change things by about 11%. As anyone knows, this is because they only make about 11% of the money. Look how fast income earned drops off: first 5% make about 50% of money, next 5% make about 10%. Brilliant lies!
2006-10-04
07:15:39
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18 answers
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asked by
notme
5