(urth) Gene Wolfe's Politics

Tim Walters walters at doubtfulpalace.com
Fri Mar 27 22:46:18 PDT 2009


brunians at brunians.org wrote:
> Not that class warriors were ever swayed by facts, but from
> http://wiki.answers.com/Q/What_percentage_of_federal_income_tax_is_paid_by_the_wealthy:
> 
> Some quick statistics: The top 1% of earners pay 21.20% of all taxes paid
> at an average rate of 24%, the top 2 - 5% of earners pay 14.55% of all
> taxes at an average of 18% (Top 5% pay @36% of all tax) The bottom 50% pay
> 3% of all tax collected at an average rate of 2.98%.

The correct data can be found here:

http://www.taxfoundation.org/files/wp1.pdf (pp. 22-24)

Total tax rates by quintile are:

1: 13.0%, 2: 23.2%, 3: 28.2, 4: 31.3%, 5: 34.5%

-- 

Tim Walters | The Doubtful Palace | http://doubtfulpalace.com



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