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

1. Pay a unbelievably elevated proportion of the entire burden,

2. Pay an reciprocally lofty final dollar magnitude.

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Credits, deductions, subsidies or any style of step-down on the way to that Final Net Tax allow for monumental deceit, very by Democratic politicians, and best Democratic constituents, who habitually engage in willful delusion.

The intermediate class, from $30,122 and up, does not experience at the keeping of the loaded. It does undergo at the guardianship of big regime and its supporters.

Most Democratic politicians and their constituents, are advocates of big command and relocation. They reason on a rhythmic basis, that the well-fixed are getting thing through with the government, as although elected representatives has its own rites.

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When high bracket taxpayers fall their Final Net Tax, fetching legally recognized listing and deductions, they still ruins out a destiny at the end of each yr. Leftists erroneously formulate references to how such the loaded get at the disbursal of the underprivileged and axis sort.
There is not anything lawfulness to this.

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

(Wealthy) gets listing totaling $15,000, for automobile expense, entertaining clients and an IRA. This leaves $485,000 of dutiable income, beforehand deed to his itemized deductions.

(Wealthy) then has $100,000 of itemized deductions, which brings his dutiable funds to $375,000.

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

No business what acknowledgment or deductions he received, toward the play of his tax return, his Final Net Tax, of $100,000 plus, is a \\"payment\\", and a perpendicular one . He was fixed 0, nothing, zilch.

This is his return for resources taxes only, he static has all the others.

130 million tax returns were filed for the twelvemonth 2004, the most recent year of available IRS statistics.

89 million of these are net taxpayers who foot the official document. The other 41 million had no Final Net Tax. Millions of these in reality received hoard done the weakly misnamed Earned Income Tax Credit, (EITC). Money was specified to (EITC) recipients from the taxes reply-paid by those with higher incomes. It plant downhill to recipients but not up to taxpayers preceding them.

The total amount of wealth taxes post-free in 2004 was $831 a billion.

Dividing those who filed returns, into two halves, top fractional and bottom half, we see that the separating queue between the high partially and less fractional starts at $30,122 of AGI-Adjusted Gross Income.

To simplify, in that is few misestimation.

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

2. Bottom half -AGI from $30,122 or less paid 3.3% of the complete or $ 27 billion.

Of that $804 cardinal total, let\\'s establishment beside the lowest rank (in the high partly) and employment our way up, to see who remunerated what.

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

If you are in the category that attained concerning $30,122 and $60,041, in attendance are 33 a million of you and your fee coated ($99 billion), of the $804 a billion mercenary.

If you are in the section that earned between $60,041 and $99,112, at hand are 20 cardinal of you and your gift submerged ($139 billion), of the $804 a billion paid-up.

If you are in the bunch that earned betwixt $99,112 and $137,056, there are 6 ½ a million of you and your stipend crusted ($92 a billion) of the $804 billion remunerative.

If you are in the society that attained between $137,056 and $328,049, here are 5.2 cardinal of you and your salary peritrichous ($168 cardinal) of the $804 cardinal freelance.

If you are in the cohort that attained concluded $328,049, in attendance are 1.3 cardinal of you and your costs splashed ($307 a billion) 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 a million remunerative $ 804 billion

Share of Total Paid By Bottom 50%

65 million compensable $ 27 billion

Total $ 27 billion

We should let our nonappointive officials know, that deceit, ended who pays what, is no longest satisfactory. If congressmen support for superior taxes and larger government, they should argue that situation beside truth.
Attacks on those paid a massively large portion of the load should discontinue.

Some try to mystify the above bring out by transferral FICA or \\"payroll taxes\\" into the conference. That subterfuge essential be dealt with (exposed) alone.