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View my Weblog 12 Month Average For Regular Unleaded Gasoline ASCII codes chart The End of Liberty
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Source: Internal Revenue Service
|
Income |
Taxable |
Average |
Percent
of |
Percent
of Total |
|
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 |
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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