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When collectively, we pay our Final Net Tax, the rich:

1. Pay a unbelievably utmost per centum of the utter burden,

2. Pay an communally giant final dollar amount.

Credits, deductions, subsidies or any species of easing on the way to that Final Net Tax let for monumental deceit, specially by Democratic politicians, and best Democratic constituents, who repetitively prosecute in willful delusion.

The innermost class, from $30,122 and up, does not experience at the hands of the well-off. It does see at the keeping of big affairs of state and its supporters.

Most Democratic politicians and their constituents, are advocates of big management and rearrangement. They deduct on a systematic basis, that the easy are getting thing through with the government, as but command has its own investment.

When high set taxpayers lessen their Final Net Tax, fetching lawful acknowledgement and deductions, they inert armour out a luck at the end of all year. Leftists imperfectly net references to how by a long way the abundant get at the expense of the destitute and midpoint standing.
There is zilch truth to this.

Example. (Wealthy) taxpayer A, is lone and has $500,000 of inclusive earnings.

(Wealthy) gets list totaling $15,000, for automotive vehicle expense, fun clients and an IRA. This leaves $485,000 of rateable income, in the past effort to his itemized deductions.

(Wealthy) consequently has $100,000 of itemized deductions, which brings his assessable earnings to $375,000.

His Final Net Tax, is complete $100,000.

No issue what acknowledgement or deductions he received, toward the fulfilment of his tax return, his Final Net Tax, of $100,000 plus, is a "payment", and a soak one . He was specified 0, nothing, nada.

This is his sum for resources taxes only, he standing has all the others.

130 million tax returns were filed for the time period 2004, the most up-to-date period of time of going spare IRS applied math.

89 million of these are net taxpayers who ft the official document. The left over 41 cardinal had no Final Net Tax. Millions of these actually received booty done the badly misnamed Earned Income Tax Credit, (EITC). Money was specified to (EITC) recipients from the taxes rewarded by those near complex incomes. It plant hair to recipients but not up to taxpayers above them.

The inclusive magnitude of income taxes mercenary in 2004 was $831 cardinal.

Dividing those who filed returns, into two halves, top half and bottommost half, we see that the disjunctive splash betwixt the high fractional and inferior fractional starts at $30,122 of AGI-Adjusted Gross Income.

To simplify, there is whichever rounding error.

1. Top half -AGI from $30,122 and up, paid 96.7 % of the whole or $804 a billion.

2. Bottom half -AGI from $30,122 or smaller number paid 3.3% of the absolute or $ 27 a billion.

Of that $804 billion total, let's begin beside the worst pack (in the high partly) and industry our way up, to see who compensated what.

The Final Net Tax-payment-of all commission is in parentheses

If you are in the category that attained betwixt $30,122 and $60,041, here are 33 cardinal of you and your pay white ($99 billion), of the $804 a billion post-free.

If you are in the quantity that earned involving $60,041 and $99,112, near are 20 a million of you and your pay covered ($139 a billion), of the $804 a billion salaried.

If you are in the gang that earned betwixt $99,112 and $137,056, in attendance are 6 ½ a million of you and your allowance crusted ($92 cardinal) of the $804 billion remunerated.

If you are in the circle that attained betwixt $137,056 and $328,049, in attendance are 5.2 cardinal of you and your clearance thickspread ($168 cardinal) of the $804 billion paid-up.

If you are in the board that earned complete $328,049, near are 1.3 cardinal of you and your salary cloaked ($307 cardinal) of the $804 billion.

2004 Total Income Taxes Paid=$831 billion

Paid by Top 50%-$804 billion

Paid by Bottom 50% $ 27 billion

Recap: Share of Total Tax Burden Paid By Top 50%

Total 65 cardinal paid-up $ 804 billion

Share of Total Paid By Bottom 50%

65 a million remunerated $ 27 billion

Total $ 27 billion

We should let our elective officials know, that deceit, concluded who pays what, is no longer reasonable. If congressmen stomach for greater taxes and larger government, they should watch over that class beside legitimacy.
Attacks on those gainful a fundamentally advanced allotment of the encumber should give up.

Some try to mix up the above issue by transfer FICA or "payroll taxes" into the session. That deceit essential be dealt with (exposed) not together.