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Using IRS data for 2008: (most recent year for which data is available) Macharius Send a noteboard - 14/04/2011 03:45:20 PM
The numbers I have seen claim the top 5% pay half the income tax in this country.


Assuming I interpreted the spreadsheet correctly:

The top 0.0103% people paid 60% of the income tax. Specifically, the 11,000 people with AGI greater than $10,000,000 for 2008 paid 60% of the income tax for that year.

Note that this is a sum across regular tax computation, Form 8615 computation, and Schedule D computation.
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How can anyone seriously support Obama's budget proposals? Tom - 14/04/2011 02:49:30 PM 1222 Views
I agree with your overall point but I do question one of your facts random thoughts - 14/04/2011 03:25:25 PM 689 Views
Using IRS data for 2008: (most recent year for which data is available) Macharius - 14/04/2011 03:45:20 PM 718 Views
those numbers sem high. What is your source? *NM* random thoughts - 14/04/2011 05:05:26 PM 269 Views
You didn't interpret the spreadsheet correctly. I'm positive of that. Tom - 14/04/2011 06:08:39 PM 580 Views
I'm gonna have to jump on board the wagon with that being a bad figure, got some others Isaac - 14/04/2011 07:33:14 PM 764 Views
Some other income data for historical perspective, again CBO Isaac - 14/04/2011 07:45:13 PM 684 Views
Data: http://www.irs.gov/pub/irs-soi/08in31mt.xls *NM* Macharius - 14/04/2011 08:32:42 PM 285 Views
That's a breakdown of who modifies their returns and how it affects revenue. Tom - 14/04/2011 09:15:21 PM 540 Views
I see. Well, nevermind then. *NM* Macharius - 15/04/2011 01:37:13 PM 273 Views
I believe you are questioning one of my definitions, not one of my facts. Tom - 14/04/2011 04:36:35 PM 630 Views
No matter how you define it I think it would be hard to call the top 5% middle class random thoughts - 14/04/2011 05:03:33 PM 649 Views
A family making $150,000 is not middle class? Tom - 14/04/2011 06:07:07 PM 652 Views
reading what you said again random thoughts - 14/04/2011 06:37:54 PM 606 Views
What a load of crap! Skeeve the Great - 14/04/2011 03:49:29 PM 764 Views
Yes, your response is a load of crap. Tom - 14/04/2011 04:55:20 PM 714 Views
Re: Yes, your response is a load of crap. Skeeve the Great - 14/04/2011 05:13:14 PM 774 Views
This is our first war without a tax increase. Tom - 14/04/2011 06:05:43 PM 690 Views
"Artful Dodgers" Skeeve the Great - 14/04/2011 06:30:58 PM 644 Views
Not giving me the information I need Tom - 14/04/2011 09:33:36 PM 617 Views
Er, check facts Isaac - 14/04/2011 05:04:02 PM 834 Views
Yeah, lets fact check Skeeve the Great - 14/04/2011 05:43:34 PM 691 Views
You understand you're actually supposed to cite data for a fact check right? Isaac - 14/04/2011 06:38:22 PM 842 Views
I'm not sure thats entirely right MalkierKnight - 14/04/2011 05:51:18 PM 933 Views
You basically just said what I said. How am I not right? Tom - 14/04/2011 05:56:08 PM 641 Views
Re: You basically just said what I said. How am I not right? MalkierKnight - 15/04/2011 02:48:07 AM 812 Views
A response Roland00 - 14/04/2011 06:33:49 PM 755 Views
I only have one thing to ask. callandor1000 - 15/04/2011 02:36:07 PM 609 Views
What about the farm subsidies and the military? Vivien - 15/04/2011 04:54:54 PM 627 Views
Re: What about the farm subsidies and the military? Skeeve the Great - 15/04/2011 08:21:16 PM 618 Views
Cutting the military isn't enough Roland00 - 16/04/2011 04:27:11 AM 607 Views
Defense is 60% of the discretionary budget as well, so it's more like 26% overall. Just sayin'. *NM* Ghavrel - 16/04/2011 04:53:30 AM 289 Views
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