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November 2002, Week 1

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Subject:	Re: OT: Thursday election humor
From:	Larry Barnes <[log in to unmask]>
Reply To:	Larry Barnes <[log in to unmask]>
Date:	Mon, 4 Nov 2002 11:25:51 -0500
Content-Type:	text/plain
Parts/Attachments:	text/plain (62 lines)

When it says "Top 50%" doesn't that include the 'Top 5%'  ??

just curious

but then numbers don't lie but statisticians do..

-----Original Message-----
From: Denys Beauchemin [mailto:[log in to unmask]]
Sent: Monday, November 04, 2002 8:09 AM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: Thursday election humor

That "joke" is older than the hills.  But again, it doesn't really work.
You need some truth in it.

Remember:  The IRS figures for the year 2000 are as follows:
Top 1% of income tax payers made over $313,000 made 20.8% of all income and
paid 37.42% of all income taxes
Top 5% of income tax payers made over $128,000 made 35.3% of all income and
paid 56.47% of all income taxes
Top 10% of income tax payers made over $92,000 made 46.0% of all income and
paid 67.33% of all income taxes
Top 25% of income tax payers made over $55,000 made 67.2% of all income and
paid 84.0% of all income taxes.
Top 50% of income tax payers made over $27,700 made 87.0% of all income and
paid 96.1% of all income taxes.

As you can plainly see, the top 5% of earners pay over half the total income
taxes but only make about a third of the total income.  The top 50%, by
simply making over $27,000 pay almost all the income taxes.  This means that
50% of people who have an income do not pay taxes.

The tax cut W got passed was at the 10% bracket, the lowest one, which means
everyone who pays taxes got a cut.  You should remember, we discussed this
last year when you got confused and tried to tell everyone they would have
to pay the money back.  You were wrong.

Denys...

-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]]On Behalf Of
Wirt Atmar
Sent: Sunday, November 03, 2002 7:42 PM
To: [log in to unmask]
Subject: Re: OT: Thursday election humor

Denys writes:

> Still not working.  Try again and get more truth into it, that's what
makes
>  it funny.  :)

Alrighty then, how's this?...

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