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Old 10-27-2011, 07:46 AM  
TheDoc
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Quote:
Originally Posted by 12clicks View Post
its amazing what passes for truth amongst the uninformed.
from the liberal rag "the washington post"

http://www.washingtonpost.com/blogs/...d0iK_blog.html

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO:
Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
Highest quintile (23.6 million), above $71,200: 25.8 percent
Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent


Top 1% pay 38.02% of the tax burden
Top 5% pay 58.72% of the tax burden
Top 10% pay 69.94% of the tax burden
Top 25% pay 86.34% of the tax burden
Top 50% pay 97.30% of the tax burden
Bottom 50% pay 2.7% of the tax burden
I didn't really see anyone here dispute this, of course I could have missed it.

Anyway, I wonder why these articles never go into the percentage of earned income vs. taxes paid. It's always about the 'share' or 'burden' of the total.... the progressive tax system is about paying a fair share, not about who pays the most vs. the least overall.
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