Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site ho95b.UUCP
Path: utzoo!watmath!clyde!cbosgd!ihnp4!houxm!ho95b!ran
From: ran@ho95b.UUCP (RANeinast)
Newsgroups: net.politics
Subject: Tax Cut Effects
Message-ID: <343@ho95b.UUCP>
Date: Fri, 22-Mar-85 07:58:44 EST
Article-I.D.: ho95b.343
Posted: Fri Mar 22 07:58:44 1985
Date-Received: Sat, 23-Mar-85 02:08:23 EST
Organization: AT&T-Bell Labs, Holmdel, NJ
Lines: 37

From the Wall Street Journal (3/21/85):

TAX PAYMENTS BY INCOME GROUPS (Adjusted Gross Income)
[% of Total Taxes Paid]

Income Class	1981	1982	1983
$0-$15K		 9.1	 8.4	 7.4
$15K-$30K	27.6	26.0	23.6
$30K-$50K	30.3	30.2	29.8
$50K-$100K	17.9	18.1	19.4
>$100K		15.0	17.3	19.6
>$1M		 1.7	 2.4	 3.6

(source: IRS figures--I notice they don't add up to 100% though;
what do you expect from the IRS?))


In addition, the "tax Gini coefficient"
[a value of 1 indictes perfect progressivity--one rich
person  pays all the tax--and a value of 0 has
everyone paying the same tax, regardless of income]
rose from .6488 to .6560 between 1981 and 1983.



--
"Watch me pull a Gini out of my lamp."
"Again?  That trick never works."
"Nothing up my sleeve.  Presto!"
"RRowwwwwwwrrrr!"
"No doubt about it.  I've gotta get a new lamp."

-- 

". . . and shun the frumious Bandersnatch."
Robert Neinast (ihnp4!ho95b!ran)
AT&T-Bell Labs