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12-30-06, 04:11 PM

Don't get me wrong, I'm as much against the income tax as the next guy, but here is the law. BTW US Code is the law.

Federal tax code
The U.S. tax code is known as the Internal Revenue Code of 1986 (title 26 of the United States Code).

BTW this is where the tax burden lay.
In the United States, the Treasury Department reported based on IRS data the share of all federal taxes paid by taxpayers of various income levels. The data shows the progressive structure of the U.S. federal tax system that reduces the tax incidence of people with smaller incomes, as they shift the incidence disproportionately to those with higher incomes.

The top 0.1% of taxpayers by income pay 17.4% of all federal taxes (earning 9.1% of the income).
The top 1% of taxpayers by income pay 36.9% of all federal taxes (earning 19% of the income).
The top 5% of taxpayers pay 57.1% of all federal taxes (earning 33.4% of the income).
The bottom 50% pay 3.3% of all individual income taxes (earning 13.4% of the income).

12-30-06, 04:11 PM	#13
waste gate Stowaway Posts: n/a Downloads: Uploads:	Don't get me wrong, I'm as much against the income tax as the next guy, but here is the law. BTW US Code is the law. Federal tax code The U.S. tax code is known as the Internal Revenue Code of 1986 (title 26 of the United States Code). BTW this is where the tax burden lay. In the United States, the Treasury Department reported based on IRS data the share of all federal taxes paid by taxpayers of various income levels. The data shows the progressive structure of the U.S. federal tax system that reduces the tax incidence of people with smaller incomes, as they shift the incidence disproportionately to those with higher incomes. The top 0.1% of taxpayers by income pay 17.4% of all federal taxes (earning 9.1% of the income). The top 1% of taxpayers by income pay 36.9% of all federal taxes (earning 19% of the income). The top 5% of taxpayers pay 57.1% of all federal taxes (earning 33.4% of the income). The bottom 50% pay 3.3% of all individual income taxes (earning 13.4% of the income).