Quote:
Originally Posted by waynet
IRS tax study 2007...The top 1% of taxpayers averaged about $138,000,000.They paid a tax rate of 16.6%. Their secretaries paid a higher rate.
By 2010 the very rich will see their taxes fall by 5.7%Over the ten yeay period(2000-2010) the top 1% will recieve tax cuts totalling a half trillion dollars. Each tax break will average $340,000.
By 2010 52% of the total tax cuts will go to the richest 1% whose average income is 1.5 million.
Its no wonder that some reps are fighting to lower the estate tax. The estates are getting a lot bigger.
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I certainly cannot argue anything when it comes to taxes, HOWEVER,if your above statements are true.......what happened to the extra tax that this administration is applying to those who make more than 250000 ?
How can the taxes be falling, as you say, but the President is saying the opposite ?