Yes, Shawn, you can say anything you want with statistics.

When Richie Rich pays 1% of his $10million income, that's a lot more than
the 35% of my $100k that I pay.  So yep, he's covering more of the tax
burden.

And did you know...

FACT!:  42.6% of all statistics are made up on the spot.






> -----Original Message-----
> From: Shawn Gordon [mailto:[log in to unmask]]
> Sent: Saturday, September 25, 2004 4:50 PM
> To: [log in to unmask]
> Subject: Re: OT: Weekend Reading
>
>
> At 01:32 PM 9/25/2004, James B. Byrne wrote:
> >However, every reputable economic study involving transfers of wealth
> >between and within societies since 1960 to present demonstrates that
> >this claim is unsubstantiated and unfounded.  After declining
> >significantly form 1940 to 1960, the concentration of wealth in the
> >USA in the top 5% of the population has since increased to over 59%
> >of the total (and the top 1% controlled 38% of that total - 1998)
> >while the percentage of the population controlling less than 10% of
> >the total wealth has increased to something approaching 50% (the
> >bottom 20% effectively have no wealth at all and literally live day
> >to day).  Not only are the poor in the USA poorer than they were in
> >1975 their are more of them and their poverty is greater in an
> >absolute as well as a relative sense.
>
> How in the world can you say the transfer of trillions of dollars is
> unsubstantiated and unfounded?  I don't know about Canada,
> but it's a FACT
> in the US, we have indeed taxed the "wealthy" more and more
> and more over
> the years and given more and more and more to those who do not have as
> much.  This has absolutely nothing to do with the amount of
> wealth that the
> wealthy may have.
>
> the FACT is that in the US  the overwhelming majority of
> federal income
> taxes are paid by the very highest income earners. The top 1%
> of income
> earners pay about 32% of all income taxes. The top 5% pays
> 51.4%. The top
> 10% of high income earners, pay 63.5%. The top 20% of income
> earners pays
> 78% of all federal income taxes.
>
> Home ownership is at an all time high in the US as well.  Now
> maybe your
> figures take in to account all the illegal aliens in the US
> that are poor,
> which wouldn't really surprise me.
>
>
>
> Regards,
>
> Shawn Gordon
> President
> theKompany.com
> www.thekompany.com
> 949-713-3276
>
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