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On 12/31/2002 4:16:25 PM exagony wrote:
The last I checked, I'm paying a higher percentage of my income in taxes than much of the Fortune 500.
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Too bad you can't prove it.
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Easier than pie, sir.
The little fact regarding taxation was called to my attention shortly after that well known duo of Marxists, George Schultz (Sec. of State) and Don Regan (Chief of Staff), called it to the attention of their Commander in Chief, and well known fellow traveler, President Ronald Reagan, for whom I seditiously voted - twice. This was during the ramp-up for simplifying the tax code in the 80's. The pair of Stalinists had the audacity and gall to point out that Reagan's secretary paid more, as a percentage, in taxes than much of corporate America. Reagan professed astonishment; I was outraged. So I began educating myself on this matter.
Two must reads are authored by Kevin Phillips, chief political analyst for the 1968 Republican presidential campaign and, later, assistant to the attorney general. He's also a member of the political panel of the WSJ (sounds like he's a pinko-lefty, too). The books are titled The Politics of Rich and Poor, and Boiling Point.
I refer you to page 111 of Boiling Point.
Sources of Funds for Federal Spending
personal income tax/ payroll tax/ corporate income tax
1950's 42.0% 11.5% 26.9%
1960's 42.0% 18.4% 20.4%
1970's 40.3% 27.7% 13.3%
1980's 38.0% 29.2% 07.7%
I left off estate taxes and borrowing.
So there you have it, sir, and every source cited a Republican.
Further enlightenment is available from the good works of Donald Bartlett and James Steele, two Pulitzer Prize winning authors who made their bones at the Philadelphia Inquirer and Time, Inc., two more hot beds of Leninist activities. Two of their books are America;What Went Wrong, and America,Who Stole the Dream. I also retain a copy of their column in the November 9, 1999 copy of Time, titled What Corporate Welfare Costs You.
Good day to you, sir.