Quote:
Originally posted by directfiesta
BTW, I am an US corporation. I pay taxes and didn't get any break... even tough I am not ( in the US ) in the upper class...
So the typical phrase is nice sounding but not accurate... Middle class pays most of the taxes in the US.
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If you're a Subchapter S Corp and you're truly not in the "upperclass" then did you not get a rebate tax check a few years ago?
I'm not sure what you call "middle class" but:
"IRS statistics for 2000 show that returns showing less than $15,000 in adjusted gross income amounted to 30 percent of total returns filed but accounted for less than 1 percent of tax paid. By contrast, although they made up only 2 percent of all taxpayers that year, taxpayers reporting $200,000 or more in adjusted gross income paid 45 percent of all federal income taxes."