October 19, 2004

BRUCE BARTLETT ON WHO PAYS TAXES. Quotable:
Income Group ---- Tax Rate

Top 1 percent ----- 27.25 percent
Top 5 percent ----- 22.95 percent
Top 10 percent ---- 20.51 percent
Top 25 percent ---- 16.99 percent
Top 50 percent ---- 14.66 percent

Bottom 50 percent ---- 3.21 percent

That's right. One half of all income producers contribute virtually nothing to support government services. The folks pulling the wagon are the folks who work hardest to make a living. The half who don't jump in back and take a free ride at the expense of everyone else.

Posted by Greg Ransom