I feel left out

[xoxoxoBruce]

Tax burden shifts to the middle

[Rock Steady]

Originally Posted by xoxoxoBruce

Tax burden shifts to the middle

... The CBO study, due to be released today, found that the wealthiest 20 percent, whose incomes averaged $182,700 in 2001, saw their share of federal taxes drop from 64.4 percent of total tax payments in 2001 to 63.5 percent this year. ...

This is seriously unconvincing. I know a lot of people making a lot less than they did in 2001.

I can't believe that 20% of Americans make more than $180K a year. That's just ridiculous.

[xoxoxoBruce]

Originally Posted by Rock Steady

... The CBO study, due to be released today, found that the wealthiest 20 percent, whose incomes averaged $182,700 in 2001, saw their share of federal taxes drop from 64.4 percent of total tax payments in 2001 to 63.5 percent this year. ...

This is seriously unconvincing. I know a lot of people making a lot less than they did in 2001.

I can't believe that 20% of Americans make more than $180K a year. That's just ridiculous.

And I know a lot of people making more than in 2001, what does that prove?

It doesn't say 20% make more than $180k, it says 180K is the average for the top 20 %. That can be a very few making much more and a whole lot making less. It would be clearer as a mean or percentile, but it's not.