[rextorres]

AK here's another explanation

The top 20% pay mostly income tax to the govt. The rest of us pay mostly payroll tax. (It sounds from your description that your with the rest of us.)

The tax cut that passed only dealt with income tax.

An analogy would go like this:

a. a room with 100 people

b. 20 people pay $1000 to the govt in mostly income tax.

c. 80 people pay $1000 to govt mostly in payroll tax.

d After the income tax cut the top 20 now pays $900 to the govt. mostly in income tax. The other 80 (people like you AK) now pay $990 to the govt. mostly in payroll tax. Sure those 80 got a tax cut BUT . . .

The reason it seems like the top 20 pay so much more is that some people only look at income tax and ignore payroll tax.

To answer your questions ALL those tax cuts will probably bankrupt the govt. Since there was going to be a tax cut then it should have been spread more. And yes you would have gotten a bigger share of the tax cut under a different plan.

[ September 18, 2003, 18:21: Message edited by: rextorres ]