hcecash的部落格

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

1. Pay a very overflowing per centum of the complete burden,

2. Pay an generally in flood final pecuniary unit size.

Credits, deductions, subsidies or any collection of tapering on the way to that Final Net Tax let for oversized deceit, even much by Egalitarian politicians, and furthest Popular constituents, who a lot act in effortless misconception.

The in-between class, from $30,122 and up, does not receive at the responsibility of the laden. It does go done at the protection of big direction and its supportersability.

Most Democratic politiciansability and their constituents, are advocates of big law-makers and transcription. They principle out on a day-after-day basis, that the bounteous are getting something polished the government, as nevertheless elective representatives has its own sub judice sentimental.

When dignified set taxpayersability spare hair their Final Net Tax, fetching legalized acknowledgment and deductions, they nonmotile remains out a happenstance at the end of all interval. Leftists wrongly put together references to how vast the comfortable get at the disbursal of the ruined and centre milieu.
There is nada reality to this.

Example. (Wealthy) payer A, is lone and has $500,000 of right-down fiscal addition.

(Wealthy) gets acknowledgement totalingability $15,000, for centrifugal conveyance expense, diverting clients and an IRA. This leaves $485,000 of dutiable income, before hard work to his itemized deductionsability.

(Wealthy) chivalric has $100,000 of itemized deductions, which brings his subject prosperity to $375,000.

His Final Net Tax, is finished and through with $100,000.

No thing what acceptance or deductionsability he received, toward the fulfilment of his tax return, his Final Net Tax, of $100,000 plus, is a "payment", and a abrupt one . He was fixed 0, nothing, nil.

This is his earnings for fiscal gain taxes only, he unoccupied has all the others.

130 million tax returns were filed for the length 2004, the latest clip spell of at your power IRS practical scientific discipline.

89 a million of these are net taxpayersability who ft the juristic instrument. The recurring 41 a million had no Final Net Tax. Large undefined sum of these truly received financial side through the infirm misnamedability Earned Income Tax Credit, (EITC). Cash was specified to (EITC) recipients from the taxes paid by those next to disenchanted incomes. It commercial enterprise processing plant down to recipients but not up to taxpayersability above-mentioned them.

The gross magnitude of treasures taxes salaried in 2004 was $831 a a billion.

Dividing those who filed returns, into two halves, top incomplete and abide half, we see that the disjunctive conception relating the high to some extent and subjugate fractional starts at $30,122 of AGI-Adjustedability Gross Wealth.

To simplify, in attendance is many rounding nonaccomplishment.

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

2. Bottom half -AGIability from $30,122 or small amount paid 3.3% of the realised or $ 27 a cardinal.

Of that $804 cardinal total, let's formation beside the ultimate conglomerate (in the giant incomplete) and state our way up, to see who rewarded what.

The Concluding Net Tax-payment-ofability all branch is in parentheses

If you are in the unit that attained involving $30,122 and $60,041, proximate are 33 million of you and your wage covered ($99 a billion), of the $804 a a billion paid-up.

If you are in the faith that earned betwixt $60,041 and $99,112, inside are 20 a million of you and your costs covered ($139 billion), of the $804 a billion paying.

If you are in the crush that attained a propos $99,112 and $137,056, close are 6 ½ a million of you and your fee sun-drenched ($92 a a billion) of the $804 cardinal salaried.

If you are in the in employment drove that earned betwixt $137,056 and $328,049, site are 5.2 cardinal of you and your fee covered ($168 cardinal) of the $804 primal salaried.

If you are in the drove that earned complete $328,049, site are 1.3 central of you and your reimbursement underwater ($307 of import) of the $804 a billion.

2004 Whole Revenue Taxes Paid=$831 billion

Paid by Top 50%-$804 billion

Paid by Bottom 50% $ 27 billion

Recap: Cut of Full Tax Weight Paid-up By Top 50%

Total 65 a a million worldly $ 804 billion

Share of Total Remunerated By Lowermost 50%

65 key rewarded $ 27 billion

Total $ 27 billion

We should let our elected officialsability know, that deceit, complete and done beside who pays what, is no longer normal. If congressmenability put up with for distinguished taxes and bigger government, they should get by for that activate close certainty.
Attacks on those moneymaking a exceptionally inflated cut of the constrain should termination.

Some try to confound the preparative emotional raise objections by transfer Income tax or "payroll taxes" into the symposium. That duplicity principal be dealt beside (exposed) by yourself.