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Buff · 06-22-2004, 06:37 AM

It's obvious no one else here has studied economics. This is an economics by dummies class if I've ever seen one.

Tax cuts for the rich? Who pays taxes? How do you give a tax cut to people who barely pay taxes?

Income Tax: Who Pays?

IRS Figures for 2000

96/03% of US Income Taxes are paid by the top 50% of wage earners.

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

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

06-22-2004, 06:37 AM
Buff GFY Assassin Industry Role: Join Date: May 2003 Posts: 2,993	It's obvious no one else here has studied economics. This is an economics by dummies class if I've ever seen one. Tax cuts for the rich? Who pays taxes? How do you give a tax cut to people who barely pay taxes? Income Tax: Who Pays? IRS Figures for 2000 96/03% of US Income Taxes are paid by the top 50% of wage earners. 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 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