[lit-ideas] Re: Paying taxes for months on end
- From: Ursula Stange <Ursula@xxxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Tue, 24 May 2005 09:03:03 -0400
At first this data surprised me, but then I noticed that it said the
'top 1 percent of taxpayers' (as opposed to the top 1 percent of income
earners.) Don't know for sure, but I suspect that second figure would
tell a different story. (I haven't read the article yet, only the excerpt.)
Tax freedom day in Canada is some time in June (I seem to remember) and
it doesn't bother me as much as you might think. I know that a lot of
my money is boondoggled, but it also pays for decent health care for me
and all my 62 million neighbours. (Canadian health cards, by the way,
fetch a pretty penny on your side of the border.)
Ursula
North Bay
Brian excerpted:
>For instance, in 2002, which offers the most recent data, the top 1
>percent of taxpayers paid 33.7 percent of federal income levies. The
>top 5 percent accounted for 53.8 percent of collections. The top 10
>percent paid 65.7 percent. The top 25 percent kicked in 83.9 percent.
>And the top 50 percent paid 96.5 percent of all income taxes
>collected. Put another way, the bottom half of Americans contributed
>just 3.5 percent of total income taxes. No wonder they don't get most
>of a "tax cut" when they don't pay much in taxes.
>
>http://www.townhall.com/columnists/dougbandow/printdb20050516.shtml
>
>
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