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The IRS 2001 tax year report shows the following breakdown of how much people make and how much they contribute their “fair share” in taxes.
People who make more than $292,000 are 1% of all taxpayers and pay 34% of all income taxes.
People who make more than $128,000 are 5% of all taxpayers and pay 53% of all income taxes.
People who make more than $93,000 are 10% of all taxpayers and pay 65% of all income taxes.
People who make more than $56,000 are 25% of all taxpayers and pay 83% of all income taxes.
People who make more than $29,000 are 50% of all taxpayers and pay 96% of all income taxes.
I would ask which group is NOT paying their fair share in taxes?
Posted by Ted at January 24, 2004 2:30 PM