TAX BRACKETS-CONTINUED

whtfucover said...

The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003: 33.71%) The top 5% pay 54.36% of all income taxes (Up from 2002: 53.80%). The top 10% pay 65.84% (Up from 2002: 65.73%). The top 25% pay 83.88% (Down from 2002: 83.90%). The top 50% pay 96.54% (Up from 2002: 96.50%). The bottom 50%? They pay a paltry 3.46% of all income taxes

Now look at the figure of the bottom 50% of all wage earners. They pay 3.46% of ALL income taxes. 3.46%....I would say that if a tax cut came along, the top wage earners would get more of a tax cut than the bottom part of the wage earners, they pay more taxes, they will get more back

Right, they will get more back, the rich get richer. In the meantime, the bottom wage earner has to pay for housing, transportation, child care if they can afford to have children, groceries, high energy bills, high gas prices. What ever they make and may get back from their income tax return is used up.

The rich have their mansions, probably inherited or given to them by relatives. They have all that money to pay for energy cost, gas, which they don't have to purchase themselves since they have a staff to do it for them. Groceries, they have a staff for that and cooks too, and childcare, they have live in nannys. Oh the rich are really hurting. Meanwhile those like me have to depend on the kindness of strangers sometimes to get by.

I would love to see one of those millionaires try to make it doing their own grocery shopping and pumping their own gas and taking care of their own kids. They wouldn't be able to handle it.