A recent poll showed that 60% think that the middle class is paying most of the taxes, and the rich pay too little. (h/t MacsMind)
Cheney received a $1.9 million dollar tax refund this year, on income of 8.8 million. How did he get so much back? Well, he gave nearly $7 million to charities.
The Cheneys' charitable donations went to George Washington University Medical Faculty Associates Inc., for the benefit of the Cardiothoracic Institute; the University of Wyoming Foundation; and Capital Partners for Education, which helps low-income high school students. (from the WashingtonPost)
Wait, isn't he only concerned about the rich, then why did he give so much to universities and low income high school students?
Before you think he got everything back, on the $1.9 million he had left after the charitable deductions Cheney and his wife paid over $500,000 in taxes, or about 25%.
Why did I mention the general population's lack of knowledge on who pays taxes? Because the general population, like lemmings, has followed the line that the middle class pays all the taxes, when it's miles from the truth.
For instance, in 2003, the last year the numbers are up on the taxstats page at the IRS, the taxpayers at or below the $50K line, the middle class and poor payed a 12% of all income taxes, while the group above that, with 14 million less returns paid over 87% of the taxes.
In other words, 57% of taxpayers contributed 12% of taxes, and 43% contributed 87% of the taxes.
If you look at just the area most of us would consider middle class, $30-75K earners (adjusted gross income), they made up 43% of taxpayers, but paid only 21% of the income tax, 59% of that paid by the group from 50-75K even though they are only 47% of the "middle class".
If you want to play with the numbers yourself, the file is available here, it's an excel spread sheet.
The Bernoulli Effect also has a rant up about this.
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