And lo on Mon, 14 Apr 2008 02:23:19 +0100, Darren New <dne### [at] sanrrcom> 
 

did spake, saying:

> Did you actually look at where the numbers come from? Do you think a  

> report from the IRS to the House Of Representatives has *less* reliabl
e  

> numbers on income and tax paying than you'll find elsewhere?

I've checked one level down and the figures are accurate, they're just n
ot  

explained well.

For example if:

9 people earn $2,000/year with tax@10%
1 person earns $10,000/year with tax@10%

Therefore total tax = $2,800

Therefore the top 10% is paying ~36% of all the tax; better yet

9 people earn $2,000/year with tax@10%
1 person earns $10,000/year with tax@8%

Therefore total tax = $2,600

Therefore the top 10% is paying ~31% of all the tax. How dare we force  

this percentile to carry the burden for the remainder :-P

Nota Bene. With the real figures the bottom 50% pay between 7% and 12% o
n  

their taxable income whereas the top 50% pay between 12% and 28%, so the
y  

really are paying more percentage-wise it's just that they're not paying
  

'as much' as the press release might suggest.

-- 

Phil Cook

--
I once tried to be apathetic, but I just couldn't be bothered
http://flipc.blogspot.com

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