More Updates on tax information

The IRS does provide a wealth of information on income tax returns.

However, the IRS is careful to note the information is not in exact amounts as if collected from each actual return.

Instead the IRS samples tax returns and estimates figures for most reports.

When I say,"25 percent of all income was concentrated in 1 percent of the taxpayers," I can only be basing my observations on the estimates.

When others say, "1 percent of taxpayers paid 39 percent of the income tax," those others can only be making statements based on estimates.

Estimates vary.

Conclusions drawn from even large samples and good estimates can at best be only a guess.

But, looking at the footnotes clarifies the conclusions.

The IRS uses estimates based on sampling of returns.

The IRS does not include carry-forward credits, carry-forward losses, deferred tax payments, or refunds of taxes paid in previous years to its estimates.

The Tax Foundation and its professional apologists will not tell anyone this basic truth.

"We don't have the exact, finite answer on who earns the most or pays the most."

As they say on the streets, "The Bastards!"