Does this clarify who pays the most taxes in this country ?

Question

http://www.house.gov/jct/x-45-00.pdf

This is from 2000... still looking for the newest pdf...

But looking at this chart...it appears that the middle class, pays the majority of the taxes in this country. The highest 1% pays 18.6%, while the rest of us who make less than $296,828...pay the rest. 50% of the tax entire burden falls squarely on the shoulders of those who make between 100k and 134k..."Middle class".

Does this clear things up a bit for all of those who claim the richest people pay most of the taxes in this country ?

case in point...i've seen posted several times today...that the richest 1% pay 80% of all the taxes...

According to the house of representatives....these people are flat wrong.

apparently you dont know how to read a chart eddie....your excel sheet only proves me correct.

By the way ppl.... this is the house, ...you know the people who create the tax code !?...and this is from 2000, when it was full of republicans...

anything else ?

You ask for proof... I provide it...and you still refuse to believe it, even though it was created by a house full of Republicans in 2000.

By the way... the tax code has only improved for the top 1% since 2000...which is common knowlege.

captain...
if you look at the bottom of the chart, it tells you that the top 10% is incomes that are between 100k and 134k... get it ? That is middle class my friend.

Answer 1

I love it! They just won't let fact get in the way of their agenda!

Answer 2

sure is funny that the link to the IRS that says the CURRENT percentage has changed since 2000 and still thumbs down the answerer because they dont like the FACTS.

you do also realize the tax returns from the year 2000 are from the last year of a democrat tax policy to be followed by a republican tax policy todate and currently the percentage is more of a burden on the upper class than it was in 2000. So much for the tax breaks for the rich garbage. thanks for helping that point along. if the "the tax code has only improved for the top 1% since 2000...which is common knowlege"
then how is the percentage of total revenue getting greater for the rich. WOW...

by the way your house doc doesnt agree with your statement either. if the top 10% pays 50% as your link says how do you consider middle class paying more..

Answer 3

I think your numbers are off:

Currently, the 1% of American households with the highest incomes -- those earning an average of about $1 million a year -- pay about 31% of their income in federal taxes, including payroll tax and income tax, according to the Congressional Budget Office. The 20% of households with the lowest incomes -- those earning an average of about $15,000 a year -- pay less than 5% of their incomes in taxes.

See more data on taxes in the U.S.That tax system is modestly more progressive today than it was a quarter-century ago. In 1980, households in the bottom 20% of the income distribution earned 5.7% of all income and paid 2% of all federal taxes; in 2003 -- the most recent data available -- they earned 4.2% of all income and paid 1% of all taxes. Meanwhile, the highest earning 20% of households earned 45.8% of income in 1980 and paid 56.3% of all taxes. In 2003 those high-income households earned 52.2% of income and paid 65.7% of taxes.

Answer 4

Nonsense.

Source: http://www.irs.gov/pub/irs-soi/05in06tr.xls

Who ya gonna believe - the tax-and-spend socialists in the House or the IRS?

Besides, those numbers you cite are from 2000; try a little harder to get up-to-date and you'll be taken a bit more seriously.

Bottom line: as of 2005, the top 10% were paying 70% of all federal income taxes and that means that in 2007 they're probably paying 72-73% as their share continues to increase and everyone else's share continues to head towards zero if it isn't there already.

Answer 5

Boy you just burst my bubble. I thought I was middle class but according to your income levels I'm poor.

Where are all of those hand outs for the poor. I want my fair share...

To answer your question - No.

Answer 6

Well I know I always trust what the house says....

um, or not.