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Old 08-29-2004, 01:38 PM   #11
taxwonk
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Tax talk for hobbits

Quote:
Originally posted by bilmore
Any of you tax-savvy types who can tell me why this doesn't say what I think it says?



(Top taxpayors are paying a higher percentage of the total tax revenues?)
It does indeed say that top income taxpayers are paying the highest share of taxes. I don't think anybody here has disputed that. It also says that the top 10% had an increased share of the tax burden. I do dispute that, based upon the Treasury Statistics of Income study, but then, I don't know the methodology used by the CBO, so it may be explainable by sampling or some other reason.

The only point that I thought was being debated, and it's demonstrated by the table you posted as well, Bilmore, it that the top 20% bracket got proportionally higher breaks that the 60thand 80th percentiles, the middle class.
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