(no subject)

[thies.livejournal.com]

Comments

[jlc20thmaine.livejournal.com]

For 1999, 6.3 million taxpayers whose incomes were in the top 5 percent paid more than 55 percent of all income taxes. They had adjusted gross incomes above $120,846 a year, meaning spouses could earn a bit over $60,000 each and be considered among the nation's richest.
The wealthiest 1 percent — those earning $293,415 and up — paid more than a third of the taxes, while their share of the nation's taxable income was 19 percent. They pay income taxes at the top rate, now 38.6 percent, compared with a maximum rate of 15 percent for most lower-earning taxpayers.
http://www.papillonsartpalace.com/taBx.htm