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From Nealz Nuze, Jan 17th.:
WHO PAYS WHAT TAXES … THE LATEST
The latest numbers are out … these for 1999 … on just what segment of our population pays what share of our income tax burden. As columnist Bruce Bartlett puts it, this is excellent anti-class envy material.
Over the years there has been a steady progression in the shift of the responsibility for the payment of federal income taxes to high-achievers. As I have told you countless times, this is all according to the plan. The plan to shift the entire responsibility for the payment of federal income taxes to a minority of the taxpayers. This, of course, leaves the class-warfare party, the Democratic Party, free to soak the rich minority, who pay all the taxes, for the benefit of the lower and middle income majority, which pays virtually none of the income taxes. A sure vote-buying formula.
OK .. here’s the latest from Bruce Bartlett’s column (linked below):
For some historical reference Bartlett points out that in 1975 the top 1 percent of income earners in this country paid about 18.7 percent of all federal income taxes. Keep that figure in mind.
Now .. the figures for 1999. The top 1 percent of income earners now pay 36.2 of all federal income taxes. For those of you who attended government schools, that’s over one-third. This is double their share of the tax burden from 1975. If you have any brains at all you will want to know just what share of total income this top 1 percent earned. After all, if they’re earning 36.2 percent of the income then they should be paying 36.2 percent of the income taxes. That would only be fair, wouldn’t it? Well, the fact is that this evil top 1 percent of income earners only earned 19.5 percent of the income in 1999. As Bartlett points out, their share of the income taxes exceeds their share of the income by almost 17 percent.
Now for some other income-earning segments.
If you’re in the 5 percent of income earners your share of the income taxes paid went from 36.6 to 55.5 percent from 1975 to 1999. The top 10 percent saw their share increase from 48.7 percent to 66.5 percent. If you’re in the top 25 percent you’re now paying 83.5 percent of the income taxes. In 1975 you paid 72 percent. How about the top half? Your share is now at 96 percent. The bottom half pays 4 percent.
Guessing game. Of all the segments I mentioned above, which segment saw their share of the total income taxes paid actually go down in the last 25 years? You’re right. Only one segment. The bottom 50 percent.
Another question. Which segment listed above has an income share that exceeds their share of the income taxes paid? Again, only one. The bottom 50 percent.
When these figures first came out in 1975 liberal Democrats in congress denied them. They refused to believe the figures could be correct. They demanded that the Congressional Research Service develop the correct figures. After their own study was done, they found the figures were true.
These figures never fail to amaze those who actually see them. Unfortunately, the vast majority of people in this country don’t listen to talk radio and don’t study Treasury publications. So, since these figures certainly aren’t going to be featured on ABC News or Entertainment Tonight --- most people will never know.
Bottom line? The evil, hated rich most certainly are paying “their fare share” of the taxes and are richly deserving of a tax cut. Just try to say it ain’t so.Nealz Nuze - Copyright 2001 by Neal Boortz. All rights reserved. Permission repost or reproduce is granted so long as a link is provided to Nealz Nuze and this copyright notice is included.