Sunday, February 22, 2009

Santelli's Manifesto: Why He Called for a 'Tea Party'

Since the top 5% is benefited from 95%, it is reasonable to an extent that the 5% helps the 95%, but, if the 5% against the burden, then, we will have unstable economy; therefore, the 5% would not be benefiting from the rest as much during the severe downturn. The relationship is symbiotic even though the two is antagonistic.

• In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income

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