A collection of posts often on colt E- and I-frame revolvers: pythons, model 357s, officer model specials, etc. Topics not limited to: action jobs, fixing Bubba-gone-wrong gunsmith mistakes, and revolver porn. And sometimes I'll wander off the reservation and type random nouns and verbs that have nothing to do with our sole purpose, because who the hell can really pay attention that long?

Tuesday, June 2, 2009

Tax breakdown.


Given the fiscal derangement of the administration it's good to keep in mind the current tax structure:
http://www.taxfoundation.org/news/show/250.html

A random quote:

The top-earning 25 percent of taxpayers (AGI over $64,702) earned 68.2 percent of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86.3 percent). The top 1 percent of taxpayers (AGI over $388,806) earned approximately 22.1 percent of the nation's income (as defined by AGI), yet paid 39.9 percent of all federal income taxes. That means the top 1 percent of tax returns paid about the same amount of federal individual income taxes as the bottom 95 percent of tax returns.



BTW, it's a rerun, but the clarity of this graphic on deficits is well worth it:



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