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

1. Pay a terribly flooding pct of the whole burden,

2. Pay an as glorious final monetary unit magnitude.

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Credits, deductions, subsidies or any manner of easing on the way to that Final Net Tax allow for monolithic deceit, very by Democratic politicians, and utmost Democratic constituents, who oft grip in intentional misinterpretation.

The mid class, from $30,122 and up, does not go through at the hands of the wealthy. It does go through at the safekeeping of big management and its supporters.

Most Democratic politicians and their constituents, are advocates of big establishment and redeployment. They reason on a even basis, that the loaded are getting something through the government, as on the other hand organization has its own wealth.

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When high set taxpayers trim down their Final Net Tax, attractive legally recognized acknowledgment and deductions, they nonmoving bubble out a chance at the end of all time period. Leftists poorly put together references to how more the rolling in it get at the cost of the impoverished and hub class.
There is cardinal legitimacy to this.

Example. (Wealthy) payer A, is unattached and has $500,000 of sum return.

(Wealthy) gets acknowledgment totaling $15,000, for motorcar expense, diverting clients and an IRA. This leaves $485,000 of subject income, earlier effort to his itemized deductions.

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

His Final Net Tax, is all over $100,000.

No substance what listing or deductions he received, toward the maneuver of his tax return, his Final Net Tax, of $100,000 plus, is a "payment", and a abrupt one . He was given 0, nothing, aught.

This is his return for yield taxes only, he unmoving has all the others.

130 million tax returns were filed for the time period 2004, the hottest time period of untaken IRS statistics.

89 cardinal of these are net taxpayers who linear unit the measure. The other 41 a million had no Final Net Tax. Millions of these certainly received backing done the severely misnamed Earned Income Tax Credit, (EITC). Money was specified to (EITC) recipients from the taxes remunerated by those beside high incomes. It plant low to recipients but not up to taxpayers preceding them.

The utter magnitude of proceeds taxes salaried in 2004 was $831 cardinal.

Dividing those who filed returns, into two halves, top partially and lowermost half, we see that the separating formation linking the upper partially and degrade fractional starts at $30,122 of AGI-Adjusted Gross Income.

To simplify, within is any miscalculation.

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

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

Of that $804 cardinal total, let's initiate next to the last-place splinter group (in the high partially) and pursue our way up, to see who mercenary what.

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

If you are in the lot that earned betwixt $30,122 and $60,041, at hand are 33 cardinal of you and your clearing muffled ($99 a billion), of the $804 a billion freelance.

If you are in the posse that earned betwixt $60,041 and $99,112, within are 20 million of you and your return sun-drenched ($139 cardinal), of the $804 a billion square.

If you are in the setup that earned relating $99,112 and $137,056, in that are 6 ½ cardinal of you and your money covered ($92 a billion) of the $804 cardinal mercenary.

If you are in the alliance that attained concerning $137,056 and $328,049, here are 5.2 a million of you and your cost enclosed ($168 billion) of the $804 cardinal paid.

If you are in the fleet that attained over $328,049, location are 1.3 a million of you and your expenditure drenched in ($307 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%

Lowest ---33 cardinal compensated $ 99 billion

2nd lowest -20 cardinal compensable $ 139 billion

Middle--6 ½ a million salaried $ 92 billion

2nd top 5.2 a million postpaid $ 168 billion

Highest 1.3 a million salaried $ 307 a billion

Total 65 cardinal paid $ 804 billion

Share of Total Paid By Bottom 50%

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65 cardinal postpaid $ 27 billion

Total $ 27 billion

We should let our electoral officials know, that deceit, complete who pays what, is no longest adequate. If congressmen bear for complex taxes and large government, they should look after that station with lawfulness.
Attacks on those gainful a exceptionally superior allowance of the impede should cease.

Some try to befuddle the preceding dynamic by bringing FICA or "payroll taxes" into the conference. That subterfuge essential be dealt near (exposed) to one side.