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Superamn - I thoguht Mr. Hancock was speaking hyperbolically - however, as my tax burden increase and I read more and more strange proposals by my left leaning lawmakers, conservatives do start to wonder how much is enough for the left.
I come from a family of Southern Democrats who believed in helping the less fortunate - esp. as a Christinan obligation, not a government one. Now I read Michigan is proposing Ipods for every student - and that's not near as wacky as the stuff coming out of Sacramento these days, and I too wonder how much is enough.
My tax burden is now greater than 50%. When youa dd to that the property taxes I pay to put others' kids through school, the sales taxes I pay, the gas taxes I pay that quit going to roads years ago, and yeah, I do want to know how much is enough.
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1% $328,049 36.89
Top 5% $137,056 57.13
Top 10% $99,112 68.19
Top 25% $60,041 84.86
Top 50% $30,122 96.70
Bottom 50%<$30,122 3.30
A bit off topic, I know, but if my tax rate gets any higher I don;t know if I want to keep building my business.
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David
1972 911T/S MFI Survivor
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