For all of you I PAY MILLIONS IN TAXES read this

[Cactus Cactus]

Did you know that ross perot pays less in taxes in terms of percentage of taxes to income than the average american household. "The Millionaire Next Door"

[jman220]

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Did you know that ross perot pays less in taxes in terms of percentage of taxes to income than the average american household. "The Millionaire Next Door"

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Why start like 4 threads on this? Yes, you can pay less in taxes if you are smart. Yes, the rich pay less than their fair share by exploiting the tax code. Yes, you should really really really see an accountant about your problems.

[UATrewqaz]

The top like 10% of wage earners pay like 70% of the total income tax taken in.... (or something approximately like this)

Sure if you make 10 billion and pay 5 billion in taxes you aren't exactly crying...

but that 5 billion you just paid is more than every garbage man and janitor will pay combined.

[Nepa]

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The top like 10% of wage earners pay like 70% of the total income tax taken in.... (or something approximately like this)

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Do you have a link for this?

You can also just say I liston to 'RUSH' why do I need a link he always tells the truth.

[jman220]

This thread needs to be moved to the politics forum...

[cardcounter0]

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The top like 10% of wage earners pay like 70% of the total income tax taken in.... (or something approximately like this)

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And what is your point? That is the way numbers work.
The way income is distributed, if EVERYBODY paid a flat 10%, you would find that the top 10% of wage earners paid like 70% of the tax.

[wmspringer]

I sure hope they pay most of the taxes...they have most of the money!

Have you ever noticed that the people arguing the rich pay too much tax, never give the figures for the total percentage of income a rich person pays vs a middle class person?

[NSchandler]

[url=http://www.taxpolicycenter.org/TaxFacts/Tfdb/TFTemplate.cfm?DocID=221&Topic2id=20&Topic 3id=22[/url]

Here is the link for 2000 data.

The numbers, in summary (all 2000 numbers):

Top 1% of income earners paid 29.5% of all income taxes.
Top 5% of income earners paid 49.1% of all income taxes.
Top 10% of income earners paid 61.3% of all income taxes.

For those who want to claim that the rich don't pay their "fair share" of taxes, consider this:

Richest quintile paid 13.7% of their income in the form of income tax, poorest quintile "paid" -2.4%. Second lowest quintile paid only 0.8%. As a matter of fact, the bottom 40% of taxpayers did not pay any income tax as a whole.

I can't find more recent data off the top of my head, but I do know that actually following the Bush tax cuts, the rich pay a higher percentage of total income taxes. Yes, he cut taxes for the rich, but he cut taxes *more* for the poor (in percentage terms).

[captZEEbo1]

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As a matter of fact, the bottom 40% of taxpayers did not pay any income tax as a whole.

[/ QUOTE ]yeah, that included me working at mcdonalds with a year end total of like 4k

[PoBoy321]

Just out of curiosity, to give this a little perspective, could you find any data about relative incomes? My understanding is that the same top 1% of money earners earn more than 29.5% of all money earned in the United States, so they would still, relatively speaking, not be paying their fair share.