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Federal Tax Revenues for Tax Year 2000

Source: Internal Revenue Service

Income
Percentile

Taxable
Income

Average
Tax Rate

Percent of
Total US Income

Percent of Total
Income taxes paid

Top 1%

$313,469

27.45%

20.81%

37.42%

Top 5%

$128,336

24.42%

35.30%

56.47%

Top 10%

$92,144

22.34%

46.01%

67.33%

Top 25%

$55,225

19.09%

67.15%

84.01%

Top 50%

$27,682

16.86%

87.01%

96.09%

Bottom 50%

$13,011
(average)

4.6%

12.99%

3.91%

Looking at this table, let’s consider the Democrat’s economic plan, as articulated by Dick Gephardt and Tom Daschle. They want “refundable” tax credits for “middle and lower income Americans.” Just who are the middle and lower income Americans? Surely the top 25% of income earners can’t be included in this group. The top 25% just isn’t in the middle. Middle income would be the middle 50% … from 25% to 75%. Lower income would be the lower 25%. Pretty clear, right? Well … look at the chart again. This means if your family income is $55,225 or more then you aren’t included in this group the Democrats want to give money to. You’re just not part of their phony tax rebate plan. You’re rich. Pay up.


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