From: Brian Holtz [brian@holtz.org]
Sent: Thursday, October 24, 2002 3:30 PM
To: LPSM-Discuss@yahoogroups.com
Subject: [LPSM-Discuss] Re: Double taxing of dividends

--- In LPSM-Discuss@y..., "Franklin Schmidt" <fschmidt@d...> wrote:

> The reality today is that corporations and the 
> rich do not pay their fair share of taxes.  

False. From the Associated Press, Apr 2002:

Income                    Share paid of all
Percentile  Income        Federal income taxes
-------------------- 1999 --------------------
top  1%     >=$293K/yr    33% 
top  5%     >=$121K/yr    55%
bot 50%     avg $26K/yr   4% (on 4% of all income)

-------------------- 1989 --------------------
top  5%                   44%
bot 50%                   6%

> For more info, see http://www.ctj.org/

Nothing there contradicts the AP's stats.

Brian Holtz
http://humanknowledge.net