So The Poor Doesnt Pay Taxes?
#1
06-29-2003, 03:30 PM
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So The Poor Doesnt Pay Taxes?
More wealthy avoid paying taxes
More than 2,200 escaped U.S. income taxes
ASSOCIATED PRESS
WASHINGTON, June 26 — A record number of wealthy people paid no U.S. income taxes in 2000, the Internal Revenue Service reported Thursday.
Lets just eliminate taxes all together, since a segment of our population doesnt pay them anyway!
More than 2,200 escaped U.S. income taxes
ASSOCIATED PRESS
WASHINGTON, June 26 — A record number of wealthy people paid no U.S. income taxes in 2000, the Internal Revenue Service reported Thursday.
Lets just eliminate taxes all together, since a segment of our population doesnt pay them anyway!
#2
06-29-2003, 03:50 PM
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Yep, yep!!! Because they have the money to influence those who make the rules.
Not only do many wealthy Americans and some very, very subsidized U.S. Corporations not pay taxes, there are also quite a few people that don't file tax returns.
Here in Minnesota, we had 20,000 people who failed to file this past year. We have had enough people in the past 5 years who failed to file that their taxes would have covered our major budget deficit
Motherfu*kers tend not to file because they are hiding or don't want to pay child support. Pisses me off
I can't change the rules about who pays, but if you don't want to pay for your children, you need an *** woopin'.
Still... I'm pretty sure these same people would know this belongs in General Discussion
Not only do many wealthy Americans and some very, very subsidized U.S. Corporations not pay taxes, there are also quite a few people that don't file tax returns.
Here in Minnesota, we had 20,000 people who failed to file this past year. We have had enough people in the past 5 years who failed to file that their taxes would have covered our major budget deficit
Motherfu*kers tend not to file because they are hiding or don't want to pay child support. Pisses me off I can't change the rules about who pays, but if you don't want to pay for your children, you need an *** woopin'.
Still... I'm pretty sure these same people would know this belongs in General Discussion
#3
06-29-2003, 03:50 PM
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06-29-2003, 03:52 PM
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And now.... The rest of the story.
The percentage of wealthy people in this country has increased over the last 25 yrs? Yup, that's just awful. There ought to be a law!
Those taxpayers represent a fraction of 1 percent of the 2.8 million people who reported incomes exceeding $200,000. Those with the lowest tax bills reported less income earned through wages and salaries than those who paid more taxes.
Among the most common way the taxpayers reduced their U.S. tax bills were deductions for investment interest expenses and medical and dental expenses.
More than half of those who avoided paying taxes worldwide reported income from tax-exempt interest.
The percentage of taxpayers considered wealthy has grown to more than 2 percent, up from 0.06 percent in 1977 when the IRS started compiling the statistics.
Among the most common way the taxpayers reduced their U.S. tax bills were deductions for investment interest expenses and medical and dental expenses.
More than half of those who avoided paying taxes worldwide reported income from tax-exempt interest.
The percentage of taxpayers considered wealthy has grown to more than 2 percent, up from 0.06 percent in 1977 when the IRS started compiling the statistics.
#5
06-29-2003, 03:57 PM
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#6
06-29-2003, 04:00 PM
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Originally posted by Odin's Wrath
The percentage of wealthy people in this country has increased over the last 25 yrs? Yup, that's just awful. There ought to be a law!
The percentage of wealthy people in this country has increased over the last 25 yrs? Yup, that's just awful. There ought to be a law!
It's not necessarily wrong, but these people not paying taxes are using the same services as those that do pay.
A flat tax freaks me out a little too. I don't want to walk up to the counter at home depot and find there is $600.00 tax on my building supplies
#7
06-29-2003, 04:03 PM
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Originally posted by AjRagno
A flat tax freaks me out a little too. I don't want to walk up to the counter at home depot and find there is $600.00 tax on my building supplies
A flat tax freaks me out a little too. I don't want to walk up to the counter at home depot and find there is $600.00 tax on my building supplies
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#9
06-29-2003, 04:12 PM
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Maybe we should Kill all those stinking RICH people and let the POOR people of America try to take up the tax burden. Don't forget that a very small % of Americans pay an Extremely large % of our Taxes. Or maybe we could all become Democrats, then none of us would have to work, we could all just sit around and collect welfare. What a wonderful world that would be. I like to look at things kind of Differently, &*$k the doomed, they brought it on theirself, why should I have to pay for it ? And NO the poor don't pay taxes , they just keep taking from hard working people like me and my wife.
#10
06-29-2003, 04:21 PM
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Originally posted by AjRagno
Don't you think it's a bit odd though that someone working 40 hours a week gives more money to run our country than someone collecting on investments and riding around the golf courses?
Don't you think it's a bit odd though that someone working 40 hours a week gives more money to run our country than someone collecting on investments and riding around the golf courses?
Originally posted by AjRagno
It's not necessarily wrong, but these people not paying taxes are using the same services as those that do pay.
It's not necessarily wrong, but these people not paying taxes are using the same services as those that do pay.
I'm not rich. In fact there are probably damned few people here who came up any poorer than I did. I have worked hard everyday of my adult life and probably will til I can't anymore. I don't anticipate ever being rich. I do not, however, sit around and complain about it. That's life and we have it much better here than people do in most countries.
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06-29-2003, 04:21 PM
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#12
06-29-2003, 04:25 PM
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Taxes
Only The Rich Pay Taxes
Top 50% of Wage Earners Pay 96.09% of Income Taxes
October 23, 2002
The IRS has released the year 2000 data for individual income tax returns. The numbers illustrate a truth that will startle you: that half of Americans with the highest incomes pays 96.09% of all income tax. This nukes the liberal lie that the rich don't pay taxes. The top 1%, who earn 20.81% of all income covered under the income tax, are paying 37.42% of the federal tax bite.
*Data covers calendar year 2000, not fiscal year 2000 - and includes all income, not just wages, excluding Social Security
Think of it this way: less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like "thousandaires." The top 50% were those individuals or couples filing jointly who earned $26,000 and up in 1999. (The top 1% earned $293,000-plus.) Americans who want to are continuing to improve their lives - and those who don't want to, aren't. Here are the wage earners in each category and the percentages they pay:
Top 5% - 56.47% of all income taxes; Top 10% - 67.33% of all income taxes; Top 25% - 84.01% of all income taxes. Top 50% - 96.09% of all income taxes. The bottom 50%? They pay a paltry 3.91% of all income taxes. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 20.81% of all income. The top 5% earns 35.30% of the pie. The top 10% earns 46.01%; the top 25% earns 67.15%, and the top 50% earns 87.01% of all the income.
Income Tax: Who Pays? IRS Figures for 2000
Table 1. - Individual Income Tax Returns with Positive Adjusted Gross Income (AGI): Number of Returns, Shares of AGI andTotal Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates, by Selected Descending Cumulative Percentiles of Returns Based on Income Size Using the Definition of AGI for Each Year, Tax Years 1986-2000 [All figures are estimates based on samples]
Descending cumulative percentiles
Year: Total..................Top 1%............Top 5%.........Top 10%.......Top 25%..........Top 50%
Number of returns: [1]
1986: 102,087,623......1,020,876......5,104,381......10, 208,762......25,521,906......51,043,811
1987: 106,154,761......1,061,548......5,307,738......10, 615,476......26,538,690......53,077,380
1988: 108,872,859......1,088,729......5,443,643......10, 887,286......27,218,214......54,436,429
1989: 111,312,721......1,113,127......5,565,636......11, 131,272......27,828,181......55,656,361
1990: 112,812,262......1,128,123......5,640,613......11, 281,226......28,203,066......56,406,132
1991: 113,804,104......1,138,041......5,690,205......11, 380,410......28,451,026......56,902,052
1992: 112,652,759......1,126,528......5,632,638......11, 265,276......28,163,190......56,326,380
1993: 113,681,387......1,136,814......5,684,069......11, 368,139......28,420,347......56,840,694
1994: 114,989,920......1,149,899......5,749,496......11, 498,992......28,747,480......57,494,960
1995: 117,274,186......1,172,742......5,863,709......11, 727,419......29,318,546......58,637,093
1996: 119,441,767......1,194,418......5,972,088......11, 944,177......29,860,442......59,720,884
1997: 121,503,284......1,215,033......6,075,164......12, 150,328......30,375,821......60,751,642
1998: 123,775,831......1,237,758......6,188,792......12, 377,583......30,943,958......61,887,915
1999: 126,008,974......1,260,090......6,300,449......12, 600,897......31,502,244......63,004,487
2000: 128,227,143......1,282,271......6,411,357......12, 822,714......32,056,786......64,113,572
Adjusted gross income floor on percentiles (current dollars):
1986: N/A......118,818......62,377......48,656......32,242 ......17,302
1987: N/A......139,289......68,414......52,921......33,983 ......17,768
1988: N/A......157,136......72,735......55,437......35,398 ......18,367
1989: N/A......163,869......76,933......58,263......36,839 ......18,993
1990: N/A......167,421......79,064......60,287......38,080 ......19,767
1991: N/A......170,139......81,720......61,944......38,929 ......20,097
1992: N/A......181,904......85,103......64,457......40,378 ......20,803
1993: N/A......185,715......87,386......66,077......41,210 ......21,179
1994: N/A......195,726......91,226......68,753......42,742 ......21,802
1995: N/A......209,406......96,221......72,094......44,207 ......22,344
1996: N/A......227,546......101,141......74,986......45,75 7......23,174
1997: N/A......250,736......108,048......79,212......48,17 3......24,393
1998: N/A......269,496......114,729......83,220......50,60 7......25,491
1999: N/A......293,415......120,846......87,682......52,96 5......26,415
2000: N/A......313,469......128,336......92,144......55,22 5......27,682
Adjusted gross income floor on percentiles (constant dollars): [2]
1986: N/A......108,411......56,913......44,394......29,418 ......15,786
1987: N/A......122,614......60,224......46,585......29,915 ......15,641
1988: N/A......132,828......61,484......46,861......29,922 ......15,526
1989: N/A......132,152......62,043......46,986......29,709 ......15,317
1990: N/A......128,096......60,493......46,126......29,135 ......15,124
1991: N/A......124,919......60,000......45,480......28,582 ......14,756
1992: N/A......129,654......60,658......45,942......28,780 ......14,828
1993: N/A......128,522......60,475......45,728......28,519 ......14,657
1994: N/A......132,069......61,556......46,392......28,841 ......14,711
1995: N/A......137,406......63,137......47,306......29,007 ......14,661
1996: N/A......145,026......64,462......47,792......29,163 ......14,769
1997: N/A......156,222......67,320......49,353......30,014 ......15,198
1998: N/A......164,427......69,999......50,775......30,877 ......15,553
1999: N/A......176,119......72,537......52,630......31,792 ......15,855
2000: N/A......182,038......74,527......53,510......32,070 ......16,075
Top 50% of Wage Earners Pay 96.09% of Income Taxes
October 23, 2002
The IRS has released the year 2000 data for individual income tax returns. The numbers illustrate a truth that will startle you: that half of Americans with the highest incomes pays 96.09% of all income tax. This nukes the liberal lie that the rich don't pay taxes. The top 1%, who earn 20.81% of all income covered under the income tax, are paying 37.42% of the federal tax bite.
*Data covers calendar year 2000, not fiscal year 2000 - and includes all income, not just wages, excluding Social Security
Think of it this way: less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like "thousandaires." The top 50% were those individuals or couples filing jointly who earned $26,000 and up in 1999. (The top 1% earned $293,000-plus.) Americans who want to are continuing to improve their lives - and those who don't want to, aren't. Here are the wage earners in each category and the percentages they pay:
Top 5% - 56.47% of all income taxes; Top 10% - 67.33% of all income taxes; Top 25% - 84.01% of all income taxes. Top 50% - 96.09% of all income taxes. The bottom 50%? They pay a paltry 3.91% of all income taxes. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 20.81% of all income. The top 5% earns 35.30% of the pie. The top 10% earns 46.01%; the top 25% earns 67.15%, and the top 50% earns 87.01% of all the income.
Income Tax: Who Pays? IRS Figures for 2000
Table 1. - Individual Income Tax Returns with Positive Adjusted Gross Income (AGI): Number of Returns, Shares of AGI andTotal Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates, by Selected Descending Cumulative Percentiles of Returns Based on Income Size Using the Definition of AGI for Each Year, Tax Years 1986-2000 [All figures are estimates based on samples]
Descending cumulative percentiles
Year: Total..................Top 1%............Top 5%.........Top 10%.......Top 25%..........Top 50%
Number of returns: [1]
1986: 102,087,623......1,020,876......5,104,381......10, 208,762......25,521,906......51,043,811
1987: 106,154,761......1,061,548......5,307,738......10, 615,476......26,538,690......53,077,380
1988: 108,872,859......1,088,729......5,443,643......10, 887,286......27,218,214......54,436,429
1989: 111,312,721......1,113,127......5,565,636......11, 131,272......27,828,181......55,656,361
1990: 112,812,262......1,128,123......5,640,613......11, 281,226......28,203,066......56,406,132
1991: 113,804,104......1,138,041......5,690,205......11, 380,410......28,451,026......56,902,052
1992: 112,652,759......1,126,528......5,632,638......11, 265,276......28,163,190......56,326,380
1993: 113,681,387......1,136,814......5,684,069......11, 368,139......28,420,347......56,840,694
1994: 114,989,920......1,149,899......5,749,496......11, 498,992......28,747,480......57,494,960
1995: 117,274,186......1,172,742......5,863,709......11, 727,419......29,318,546......58,637,093
1996: 119,441,767......1,194,418......5,972,088......11, 944,177......29,860,442......59,720,884
1997: 121,503,284......1,215,033......6,075,164......12, 150,328......30,375,821......60,751,642
1998: 123,775,831......1,237,758......6,188,792......12, 377,583......30,943,958......61,887,915
1999: 126,008,974......1,260,090......6,300,449......12, 600,897......31,502,244......63,004,487
2000: 128,227,143......1,282,271......6,411,357......12, 822,714......32,056,786......64,113,572
Adjusted gross income floor on percentiles (current dollars):
1986: N/A......118,818......62,377......48,656......32,242 ......17,302
1987: N/A......139,289......68,414......52,921......33,983 ......17,768
1988: N/A......157,136......72,735......55,437......35,398 ......18,367
1989: N/A......163,869......76,933......58,263......36,839 ......18,993
1990: N/A......167,421......79,064......60,287......38,080 ......19,767
1991: N/A......170,139......81,720......61,944......38,929 ......20,097
1992: N/A......181,904......85,103......64,457......40,378 ......20,803
1993: N/A......185,715......87,386......66,077......41,210 ......21,179
1994: N/A......195,726......91,226......68,753......42,742 ......21,802
1995: N/A......209,406......96,221......72,094......44,207 ......22,344
1996: N/A......227,546......101,141......74,986......45,75 7......23,174
1997: N/A......250,736......108,048......79,212......48,17 3......24,393
1998: N/A......269,496......114,729......83,220......50,60 7......25,491
1999: N/A......293,415......120,846......87,682......52,96 5......26,415
2000: N/A......313,469......128,336......92,144......55,22 5......27,682
Adjusted gross income floor on percentiles (constant dollars): [2]
1986: N/A......108,411......56,913......44,394......29,418 ......15,786
1987: N/A......122,614......60,224......46,585......29,915 ......15,641
1988: N/A......132,828......61,484......46,861......29,922 ......15,526
1989: N/A......132,152......62,043......46,986......29,709 ......15,317
1990: N/A......128,096......60,493......46,126......29,135 ......15,124
1991: N/A......124,919......60,000......45,480......28,582 ......14,756
1992: N/A......129,654......60,658......45,942......28,780 ......14,828
1993: N/A......128,522......60,475......45,728......28,519 ......14,657
1994: N/A......132,069......61,556......46,392......28,841 ......14,711
1995: N/A......137,406......63,137......47,306......29,007 ......14,661
1996: N/A......145,026......64,462......47,792......29,163 ......14,769
1997: N/A......156,222......67,320......49,353......30,014 ......15,198
1998: N/A......164,427......69,999......50,775......30,877 ......15,553
1999: N/A......176,119......72,537......52,630......31,792 ......15,855
2000: N/A......182,038......74,527......53,510......32,070 ......16,075
#13
06-29-2003, 04:26 PM
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Adjusted gross income (millions of dollars):
1986: 2,524,124......285,197......608,467......886,510.. ....1,490,173......2,103,569
1987: 2,813,728......346,635......722,221......1,038,221 ......1,709,389......2,373,869
1988: 3,124,156......473,527......890,702......1,232,536 ......1,950,860......2,657,865
1989: 3,298,858......468,079......918,421......1,286,539 ......2,054,478......2,805,235
1990: 3,451,237......483,252......953,337......1,338,032 ......2,144,177......2,932,537
1991: 3,516,142......456,603......943,350......1,343,202 ......2,174,765......2,984,003
1992: 3,680,552......523,586......1,031,093......1,443,7 84......2,299,401......3,131,400
1993: 3,775,578......520,586......1,048,252......1,474,4 63......2,357,953......3,212,299
1994: 3,961,146......546,700......1,103,084......1,552,2 05......2,481,074......3,371,352
1995: 4,244,607......619,610......1,222,723......1,704,5 13......2,689,820......3,627,542
1996: 4,590,527......736,545......1,393,805......1,909,1 49......2,952,637......3,944,383
1997: 5,023,457......872,826......1,597,107......2,151,4 01......3,267,600......4,327,992
1998: 5,469,211......1,010,245......1,796,647......2,393 ,716......3,589,600......4,721,430
1999: 5,909,329......1,152,820......2,011,763......2,652 ,835......3,927,308......5,126,164
2000: 6,423,977......1,336,773......2,267,403......2,955 ,386......4,313,786......5,589,755
Descending cumulative percentiles
Year: Total............Top 1%.....Top 5%.......Top 10%....Top 25%....Top 50%
Total income tax (millions of dollars): [3]
1986: 366,979......94,491......156,240......200,703..... .278,976......343,289
1987: 369,046......91,559......159,642......205,230..... .283,857......346,655
1988: 412,761......113,841......188,303......236,411.... ..321,297......389,145
1989: 432,838......109,259......190,188......241,458.... ..334,258......407,599
1990: 447,061......112,338......195,088......247,514.... ..344,340......421,075
1991: 448,349......111,267......194,480......250,282.... ..346,511......423,759
1992: 476,163......131,156......218,479......276,213.... ..373,700......452,070
1993: 502,720......145,836......238,083......297,808.... ..398,516......478,563
1994: 534,754......154,337......254,106......317,902.... ..425,402......509,256
1995: 588,331......178,035......287,741......357,402.... ..472,808......561,225
1996: 658,124......212,626......335,433......411,404.... ..535,164......629,684
1997: 727,303......241,239......377,241......459,639.... ..594,007......696,161
1998: 788,452......274,009......424,506......512,836.... ..651,964......755,240
1999: 877,292......317,419......486,464......583,002.... ..732,890......842,168
2000: 980,521......366,929......553,670......660,150.... ..823,706......942,179
Average tax rate (percentage): [4]
1986: 14.54......33.13......25.68......22.64......18.72. .....16.32
1987: 13.12......26.41......22.10......19.77......16.61. .....14.60
1988: 13.21......24.04......21.14......19.18......16.47. .....14.64
1989: 13.12......23.34......20.71......18.77......16.27. .....14.53
1990: 12.95......23.25......20.46......18.50......16.06. .....14.36
1991: 12.75......24.37......20.62......18.63......15.93. .....14.20
1992: 12.94......25.05......21.19......19.13......16.25. .....14.44
1993: 13.32......28.01......22.71......20.20......16.90. .....14.90
1994: 13.50......28.23......23.04......20.48......17.15. .....15.11
1995: 13.86......28.73......23.53......20.97......17.58. .....15.47
1996: 14.34......28.87......24.07......21.55......18.12. .....15.96
1997: 14.48......27.64......23.62......21.36......18.18. .....16.09
1998: 14.42......27.12......23.63......21.42......18.16. .....16.00
1999: 14.85......27.53......24.18......21.98......18.66. .....16.43
2000: 15.26......27.45......24.42......22.34......19.09. .....16.86
Adjusted gross income share (percentage): 1986: 100.00......11.30......24.11......35.12......59.04 ......83.34
1987: 100.00......12.32......25.67......36.90......60.75 ......84.37
1988: 100.00......15.16......28.51......39.45......62.44 ......85.07
1989: 100.00......14.19......27.84......39.00......62.28 ......85.04
1990: 100.00......14.00......27.62......38.77......62.13 ......84.97
1991: 100.00......12.99......26.83......38.20......61.85 ......84.87
1992: 100.00......14.23......28.01......39.23......62.47 ......85.08
1993: 100.00......13.79......27.76......39.05......62.45 ......85.08
1994: 100.00......13.80......27.85......39.19......62.64 ......85.11
1995: 100.00......14.60......28.81......40.16......63.37 ......85.46
1996: 100.00......16.04......30.36......41.59......64.32 ......85.92
1997: 100.00......17.38......31.79......42.83......65.05 ......86.16
1998: 100.00......18.47......32.85......43.77......65.63 ......86.33
1999: 100.00......19.51......34.04......44.89......66.46 ......86.75
2000: 100.00......20.81......35.30......46.01......67.15 ......87.01
Total income tax share (percentage): 1986: 100.00......25.75......42.57......54.69......76.02 ......93.54
1987: 100.00......24.81......43.26......55.61......76.92 ......93.93
1988: 100.00......27.58......45.62......57.28......77.84 ......94.28
1989: 100.00......25.24......43.94......55.78......77.22 ......94.17
1990: 100.00......25.13......43.64......55.36......77.02 ......94.19
1991: 100.00......24.82......43.38......55.82......77.29 ......94.52
1992: 100.00......27.54......45.88......58.01......78.48 ......94.94
1993: 100.00......29.01......47.36......59.24......79.27 ......95.19
1994: 100.00......28.86......47.52......59.45......79.55 ......95.23
1995: 100.00......30.26......48.91......60.75......80.36 ......95.39
1996: 100.00......32.31......50.97......62.51......81.32 ......95.68
1997: 100.00......33.17......51.87......63.20......81.67 ......95.72
1998: 100.00......34.75......53.84......65.04......82.69 ......95.79
1999: 100.00......36.18......55.45......66.45......83.54 ......96.00
2000: 100.00......37.42......56.47......67.33......84.01 ......96.09
N/A-- Not applicable.
[1] The number of returns with negative adjusted gross income, i.e., returns with an adjusted gross deficit, and the corresponding amounts for adjusted gross deficit, were excluded from Table 1. By excluding deficit returns, alternative minimum tax reported on some of these returns was also excluded. For Tax Year 2000, there were 5,714 returns with no adjusted gross income that reported income tax, mostly alternative minimum tax, totaling $100.6 million.
[2] For Table 1, constant dollars were calculated using the U.S. Bureau of Labor Statistics' consumer price index for urban consumers (CPI-U, 1982-84=100). For 2000 the CPI-U = 172.2
[3] Total income tax is the sum of income tax after credits and alternative minimum tax reported on returns that showed a positive amount for adjusted gross income. Therefore, total income tax excludes alternative minimum tax, Form 8814 tax (tax on a child's interest or dividends), and Form 4972 tax (tax on lump-sum distributions from qualified retirement plans) reported on some returns with a negative amount for adjusted gross income. See also footnote 1.
[4] The average tax rate was computed by dividing total income tax (see footnote 3) by (positive) adjusted gross income.
Note: Unles otherwise stated, money amounts are in current (not constant) denominations.
Source: Internal Revenue Service, Statistics of Income Division, Unpublished Statistics, September 2002.
1986: 2,524,124......285,197......608,467......886,510.. ....1,490,173......2,103,569
1987: 2,813,728......346,635......722,221......1,038,221 ......1,709,389......2,373,869
1988: 3,124,156......473,527......890,702......1,232,536 ......1,950,860......2,657,865
1989: 3,298,858......468,079......918,421......1,286,539 ......2,054,478......2,805,235
1990: 3,451,237......483,252......953,337......1,338,032 ......2,144,177......2,932,537
1991: 3,516,142......456,603......943,350......1,343,202 ......2,174,765......2,984,003
1992: 3,680,552......523,586......1,031,093......1,443,7 84......2,299,401......3,131,400
1993: 3,775,578......520,586......1,048,252......1,474,4 63......2,357,953......3,212,299
1994: 3,961,146......546,700......1,103,084......1,552,2 05......2,481,074......3,371,352
1995: 4,244,607......619,610......1,222,723......1,704,5 13......2,689,820......3,627,542
1996: 4,590,527......736,545......1,393,805......1,909,1 49......2,952,637......3,944,383
1997: 5,023,457......872,826......1,597,107......2,151,4 01......3,267,600......4,327,992
1998: 5,469,211......1,010,245......1,796,647......2,393 ,716......3,589,600......4,721,430
1999: 5,909,329......1,152,820......2,011,763......2,652 ,835......3,927,308......5,126,164
2000: 6,423,977......1,336,773......2,267,403......2,955 ,386......4,313,786......5,589,755
Descending cumulative percentiles
Year: Total............Top 1%.....Top 5%.......Top 10%....Top 25%....Top 50%
Total income tax (millions of dollars): [3]
1986: 366,979......94,491......156,240......200,703..... .278,976......343,289
1987: 369,046......91,559......159,642......205,230..... .283,857......346,655
1988: 412,761......113,841......188,303......236,411.... ..321,297......389,145
1989: 432,838......109,259......190,188......241,458.... ..334,258......407,599
1990: 447,061......112,338......195,088......247,514.... ..344,340......421,075
1991: 448,349......111,267......194,480......250,282.... ..346,511......423,759
1992: 476,163......131,156......218,479......276,213.... ..373,700......452,070
1993: 502,720......145,836......238,083......297,808.... ..398,516......478,563
1994: 534,754......154,337......254,106......317,902.... ..425,402......509,256
1995: 588,331......178,035......287,741......357,402.... ..472,808......561,225
1996: 658,124......212,626......335,433......411,404.... ..535,164......629,684
1997: 727,303......241,239......377,241......459,639.... ..594,007......696,161
1998: 788,452......274,009......424,506......512,836.... ..651,964......755,240
1999: 877,292......317,419......486,464......583,002.... ..732,890......842,168
2000: 980,521......366,929......553,670......660,150.... ..823,706......942,179
Average tax rate (percentage): [4]
1986: 14.54......33.13......25.68......22.64......18.72. .....16.32
1987: 13.12......26.41......22.10......19.77......16.61. .....14.60
1988: 13.21......24.04......21.14......19.18......16.47. .....14.64
1989: 13.12......23.34......20.71......18.77......16.27. .....14.53
1990: 12.95......23.25......20.46......18.50......16.06. .....14.36
1991: 12.75......24.37......20.62......18.63......15.93. .....14.20
1992: 12.94......25.05......21.19......19.13......16.25. .....14.44
1993: 13.32......28.01......22.71......20.20......16.90. .....14.90
1994: 13.50......28.23......23.04......20.48......17.15. .....15.11
1995: 13.86......28.73......23.53......20.97......17.58. .....15.47
1996: 14.34......28.87......24.07......21.55......18.12. .....15.96
1997: 14.48......27.64......23.62......21.36......18.18. .....16.09
1998: 14.42......27.12......23.63......21.42......18.16. .....16.00
1999: 14.85......27.53......24.18......21.98......18.66. .....16.43
2000: 15.26......27.45......24.42......22.34......19.09. .....16.86
Adjusted gross income share (percentage): 1986: 100.00......11.30......24.11......35.12......59.04 ......83.34
1987: 100.00......12.32......25.67......36.90......60.75 ......84.37
1988: 100.00......15.16......28.51......39.45......62.44 ......85.07
1989: 100.00......14.19......27.84......39.00......62.28 ......85.04
1990: 100.00......14.00......27.62......38.77......62.13 ......84.97
1991: 100.00......12.99......26.83......38.20......61.85 ......84.87
1992: 100.00......14.23......28.01......39.23......62.47 ......85.08
1993: 100.00......13.79......27.76......39.05......62.45 ......85.08
1994: 100.00......13.80......27.85......39.19......62.64 ......85.11
1995: 100.00......14.60......28.81......40.16......63.37 ......85.46
1996: 100.00......16.04......30.36......41.59......64.32 ......85.92
1997: 100.00......17.38......31.79......42.83......65.05 ......86.16
1998: 100.00......18.47......32.85......43.77......65.63 ......86.33
1999: 100.00......19.51......34.04......44.89......66.46 ......86.75
2000: 100.00......20.81......35.30......46.01......67.15 ......87.01
Total income tax share (percentage): 1986: 100.00......25.75......42.57......54.69......76.02 ......93.54
1987: 100.00......24.81......43.26......55.61......76.92 ......93.93
1988: 100.00......27.58......45.62......57.28......77.84 ......94.28
1989: 100.00......25.24......43.94......55.78......77.22 ......94.17
1990: 100.00......25.13......43.64......55.36......77.02 ......94.19
1991: 100.00......24.82......43.38......55.82......77.29 ......94.52
1992: 100.00......27.54......45.88......58.01......78.48 ......94.94
1993: 100.00......29.01......47.36......59.24......79.27 ......95.19
1994: 100.00......28.86......47.52......59.45......79.55 ......95.23
1995: 100.00......30.26......48.91......60.75......80.36 ......95.39
1996: 100.00......32.31......50.97......62.51......81.32 ......95.68
1997: 100.00......33.17......51.87......63.20......81.67 ......95.72
1998: 100.00......34.75......53.84......65.04......82.69 ......95.79
1999: 100.00......36.18......55.45......66.45......83.54 ......96.00
2000: 100.00......37.42......56.47......67.33......84.01 ......96.09
N/A-- Not applicable.
[1] The number of returns with negative adjusted gross income, i.e., returns with an adjusted gross deficit, and the corresponding amounts for adjusted gross deficit, were excluded from Table 1. By excluding deficit returns, alternative minimum tax reported on some of these returns was also excluded. For Tax Year 2000, there were 5,714 returns with no adjusted gross income that reported income tax, mostly alternative minimum tax, totaling $100.6 million.
[2] For Table 1, constant dollars were calculated using the U.S. Bureau of Labor Statistics' consumer price index for urban consumers (CPI-U, 1982-84=100). For 2000 the CPI-U = 172.2
[3] Total income tax is the sum of income tax after credits and alternative minimum tax reported on returns that showed a positive amount for adjusted gross income. Therefore, total income tax excludes alternative minimum tax, Form 8814 tax (tax on a child's interest or dividends), and Form 4972 tax (tax on lump-sum distributions from qualified retirement plans) reported on some returns with a negative amount for adjusted gross income. See also footnote 1.
[4] The average tax rate was computed by dividing total income tax (see footnote 3) by (positive) adjusted gross income.
Note: Unles otherwise stated, money amounts are in current (not constant) denominations.
Source: Internal Revenue Service, Statistics of Income Division, Unpublished Statistics, September 2002.
#14
06-29-2003, 04:28 PM
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the best tax law i heard of is "earned income credit". one of my employees told me he was getting a $6500 refund, and paid $2500 in taxes. i asked who did his taxes, and told him that both of them should pack their bags, because they would be taking a federal vacation. damn if he wasn't right though. he told me not to give him a raise, or it would mess up the whole sweet deal.
#15
06-29-2003, 04:31 PM
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The flat tax idea I was discussing is bassed on sales tax not a flat income tax. The idea behind it is that the more you buy/spend, the more you pay taxes on. It would be kind of hard to deal with at frist because the tax on items would go up so much, but you would also bring home alot more money on your pay check. The theory behind it is that it taxes the people evenly, based up[on their ability to spend money. It theoritically would be hard to get around, although I know that some places don't charge sales tax now.