Personal Income tax is only half the picture.
Quote:
2008 projections
1,146 billion - individual income taxes
275 billion - corporate income taxes
906 billion - social security taxes
81 billion - excise taxes
25 billion - estate and gift taxes
25 billion - customs duties
47 billion - miscellaneous receipts
TOTAL - 2,506 billion
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But personal income tax rates are subject to checks and balances.
The poor ain't got no money - moot
The middle class have lots of votes - check
The rich kick in more campaign funds - balance
Ain't easy being a politician.
03-21-2009, 03:26 AM
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