Wednesday, April 15, 2009

The Tax man commeth!

I copied this from CNN site.
Is it not interesting that those in the top income bracket are those who pay the largest percent of taxes?














"But just how much more?
The highest earners pay the lion's share of the dollars Uncle Sam collects.
The top fifth of households made 56% of pre-tax income in 2006 but paid 86% of all individual income tax revenue collected, according to the most recent data available from the Congressional Budget Office.
Narrowing in further: The top 1% of households, which made 19% of pre-tax income, paid 39% of all individual income taxes.
The trend is similar if you count income taxes, social insurance taxes, excise taxes and corporate income taxes (such as capital gains) combined. The top fifth of households paid 69% of all federal taxes. The top 1% paid 28%."


Here is the site where I lifted my information: http://money.cnn.com/2009/04/15/pf/taxes/who_pays_most_least/index.htm?cnn=yes

Just my thought as I pas this way;
Mervi

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