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January 10th, 2006, 10:56 PM
#1
1% of the population make 16% of all the money being made in the US in a year, or 1.2 million people have a combined income of a little over $1,000,000,000,000 - which is roughly a million bucks per person, of which they give around $250,000 to the state, which leaves them with an income of $750,000 per year... That's a total income tax of around $250,000,000,000,000, roughly a third of the total income tax.
The problem is that you can't apply the same math to the middle income earners, because you don't have individual data (at least not from Limbaugh's link).
The top 50% earn 86% of all the income, or $5,400,000,000,000 - which is roughly $100,000 per person. Of that $100,000, they give an average of $12,500 to the state, leaving them with around $87,500.
Nowwww....
The bottom 50% earn 13% of all the income, or $620,000,000,000, which is roughly $15,000 per person. And of that $15,000, they still give to the state!
You pick:
- Earning $1,000,000 per year and keeping $750,000
- Earning $100,000 per year and keeping $87,500
- Earning $15,000 per year and keeping even less than that <-- and these are the ones Limbaugh is attacking, and blaming for not giving enough? Way to go...
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