Burzmali wrote:CaptainKickback wrote:Then again, those 71% of the people making less than $50,000 pay 3% of the taxes, so it is only fitting that the bulk of the tax breaks are enjoyed by the 39% that pay 97% of the taxes.
http://www.american.com/archive/2007/no ... -the-taxesThe latest data shows that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.
But hey, why let facts stand in the way of class warfare and screwing the economy......I mean taxing and over-spending are doing so well.
Did you just cite a three year old article from the American Enterprise Institute's mouthpiece, written by one of the Heritage Foundation's homeboys to refute a piece by the Tax Policy Center? I mean, the Tax Policy Center might not be dead center, but they are just a bit less likely to be horribly biased in the matter than an organization devoted "to defend[ing] the principles and improv[ing] the institutions of American freedom and democratic capitalism..."
EDIT: Not that the substance of the articles differs by all that much, AEI's tweaks the data to be more favorable to their point, but the NYT's shows a similiar trend. I just find it odd that you need to inject a clearly biased source into the conversation when the existing less biased source already demonstrates your point.
The Tax Foundation is an unbaised, reputable source which points out much of the same thing as the AEI report. This article, written a year ago and based on 2007 IRS data, shows that even with the Bush tax cuts in place, the top 1% income earners pay more in income taxes than the bottom 95% of income earners.
I found one of the points in the article to be particularly interesting:
Some in Washington say the tax system is still not progressive enough. However, the recent IRS data bolsters the findings of an OECD study released last year showing that the U.S.—not France or Sweden—has the most progressive income tax system among OECD nations. We rely more heavily on the top 10 percent of taxpayers than does any nation and our poor people have the lowest tax burden of those in any nation.