Sunday, July 03, 2005

TAXES -- THE RICH GET RICHER AND OFF SCOT-FREE

progressreport.org
TAXES -- THE RICH GET RICHER AND OFF SCOT-FREE

The Internal Revenue Service's annual report on wealthy Americans found that the "number of affluent individuals and married couples who paid no federal income
taxes
(http://www.nytimes.com/2005/07/01/national/01tax.html?ei=5090&en=4d9723bfe4c417f2&ex=1277870400&partner=rssuserland&emc=rss&pagewanted=print)
jumped more than 15 percent in 2002." Additionally, the "chances of
having a large income but not paying taxes on any of it are growing."


The report also found that thousands of people from this group lived
completely free of income tax to any government whatsoever and almost 83,000
of the high-income earners paid less in taxes for every dollar of
income than the national average for all Americans.