You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #16: Maybe this will help [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
bain_sidhe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-15-04 11:52 AM
Response to Original message
16. Maybe this will help
a table from Citizens for Tax Justice showing the average income for the various "quintiles" (fifths, for us normal people), with the last fifth broken down further to show the difference between the first 15% and the last 5%, and the difference between the first 4% and the last 1% of that last 5%:

Lowest 20% $ 10,400
Second 20% 21,200
Middle 20% 34,500
Fourth 20% 56,300
Next 15% 96,700
Next 4% 201,000
Top 1% 978,000

Note though, that this is an average and not a median, so a couple of high earners can throw it off. That table (pdf format, sorry) is at http://www.ctj.org/pdf/fsl2004.pdf

What may be more to the point of high taxes on wage income on high earners is that they pay so much less on their investment income - as an attempt to equalize the burden a bit without increasing taxes on investment income. These graphics from CTJ show how much:





graphics copied from (sorry, also pdf) http://www.ctj.org/pdf/earnpr.pdf
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC