This would mean that the total income for these folks includes some real phat cash.
When is paying both more and a greater share of the total income tax burden a tax break?
Table 2 shows the total income tax and percent of total Federal tax revenues paid by each income group in 2003 and in 2007.
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At the margin, a tax on earning additional income will reduce the total income earned and will reduce the tax take to some extent.
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If your deductions total more than the total income you earn during the year, the government owes you all the taxes you paid during the year and a percentage of your negative income.
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According to the University, the total income of the top 20 percent of the rural households was 10.19 times higher than the bottom 20 percent and that the wealth gap in west China was bigger than in the east of the country.
In its place we can then simplify personal taxation: just treat all investment income (yes, dividends and capital gains) the same as we treat any other form of income, to be taxed at whatever is the appropriate marginal rate for the total income of the recipient.
Compare this to the total share of Federal income taxes paid by the 80% of tax payers who are in the 2nd through 5th quintile of earners who paid less than 6% of the total Federal income tax burden in 2009 (data from the Congressional Budget Office).
Over the past 80 years, despite multiple movements in marginal rates up and down, the top 1% of earners paid an ever-increasing share of the total Federal income tax burden reaching its highest point at 40% after the Bush tax cuts and most recently representing 38.7% of total Federal income tax in 2009.
In fact, all four times in the past 80 years when marginal income tax rates were lowered, the proportion of total income taxes paid by the top 1% of earners increased, and the proportion paid by the lower 50% of income decreased.
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The plan is for local authorities to be asked to assess the total benefit income from 2013 of all new and existing housing benefit claimants, reducing the benefit if necessary so the total remains within the cap.
After marginal tax rates were reduced in 2003, Federal income tax revenues increased sharply and the wealthy once again saw an increase in their share of the total Federal income tax burden.
How can any rational person who knows the facts interpret that 1% paying a total of 38.7% of the income taxes and 80% paying a total of 6% of the income taxes shows that the wealthy are not paying their fair share?
Subsequently, Barcelona and Real Madrid account for 50% of the total rights income generated.
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We added up each star's compensation on his or her last three films and the operating income on those films and divided total operating income by the star's total compensation to come up with each return on investment number.
Although these executives make up only 1% of America's 1m highest-income taxpayers, they accounted for 21% of the total change in the taxable income of that group after the 1993 tax hike.
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The child's salary then helps reduce the total amount of income taxes the parent pays.
Since Nigel Lawson lowered the top tax rate from 60% to 40% in 1988, the share of total income-tax revenues paid by the top 5% of taxpayers has shot up.
The share of total federal income taxes paid by the top 1% rose from 37% in 2000, before the Bush tax cuts, to 40% in 2007, after the tax cuts.
Hence, Mr Grasso's compensation and benefits for 1999-2001 nearly equalled the exchange's total net income for the period, according to Mr Spitzer's office.
As Table 2 shows very clearly, the top 0.1% and top 1% of earners (which includes all millionaires and billionaires) had major increases in their income tax payments between 2003 and 2007, both in absolute dollars as well as in their % contribution to total taxes while the 25-50% income group and the bottom 50% income group saw their share of total taxes fall and their absolute tax payments increased trivially.
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For once again these will not be in the wages and salaries numbers but will be in the labour share of income, the total compensation numbers.
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It says sponsorship is subject to a 1% limit of the force's total annual income, and the acceptance of sponsorship for non-core police activities is intended to extend and enhance the force's service to the community.
They are not useful in discussing the distribution of total income over this time period.
But if we want to measure the distribution ot total income then we do have to include them.
And government revenues remain dependent on volatile oil prices (oil income accounted for a third of the country's total income last year).
In the course of taking from everyone to give back to everyone, the entitlement state reduces the total amount of income by a not insignificant amount.
The second is that Gross has used the wages and salaries share of national income, not the more correct total compensation, or total labour share, of that national income.
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Yet, in nine of the 11 states, after adoption of the state income tax, total state and local tax revenues in the state as a percent of total state and local revenues in the U.S. declined as well, in some cases sharply.
Yet, in 9 of the 11 states, after adoption of the state income tax, total state and local tax revenues in the state as a percent of total state and local revenues in the U.S. declined as well, in some cases sharply.
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