Who Really Pays The Taxes In This Country
Democrats: "Republican tax cuts favor the rich."
Hitler: "Tell a big enough lie often enough and people will believe you."
You want the truth? Here's the truth.
Income Group............Share of Total Taxes............Income Split Point
Top 1%.................................37.4%........................Above $313,469
Top 5%.................................56.5%........................Above $128,336
Top 10%...............................67.3%........................Above $92,114
Top 25%...............................84.0%........................Above $55,225
Top 50%...............................96.1%........................Above $27,682
Bottom 50%............................3.9%........................Below $27,682
Source: Preliminary data, IRS (2000)
Now, aren't you glad to know that if you make $55,225 a year the Democrats consider you to be wealthy? You and the other 25% of Americans are paying 84.0% of the taxes in this country, but never mind, you can afford it because you are rich! Don't feel bad if you make less than that; as long as you make above $27,682 a year Democrats say you are still in the richest 50% of the population.
The Democrats (for election reasons) want to reduce or take away the tax cuts from the people who pay the most in taxes and give it to those who pay the least in taxes. Democrats call it fairness — economists call it redistribution of wealth — the rest of the world calls it socialism. As the current darling and poster child of the Democratic Party, Michael Moore, says, the government should take 70 percent of the income as its rightful share of the people who are most successful. Of course, he hasn't volunteered to give up HIS 70 percent.
Year...........................Number (in Millions).......................Percent of All Filers
1980........................................18.6...........................................19.8%
1985........................................16.7...........................................16.5%
1990........................................21.5...........................................19.0%
1995........................................26.7............................................22.6%
2000........................................29.9............................................23.1%
2003 est...................................39.5............................................29.5%
Source: IRS Statistics of Income, 2003 Tax Foundation estimate.
Want to take a quess as to which political party the majority of the almost 40 million people who pay no taxes belong?