The wealthiest 1 percent — those earning $293,415 and up — paid more than a third of the taxes, while their share of the nation's taxable income was 19 percent. They pay income taxes at the top rate, now 38.6 percent, compared with a maximum rate of 15 percent for most lower-earning taxpayers.A Flat Tax would seem to be fairer.
Tuesday, April 09, 2002
Tax Burden Falls on the Wealthy.
