10-27-2011, 09:58 AM
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Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Location: God's right hand
Posts: 19,781
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Quote:
Originally Posted by TheDoc
Well if you ever actually quoted your full articles you would learn more:
http://www.washingtonpost.com/blogs/...d0iK_blog.html
However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.
In short, your numbers are bullshit... just to "skew" a point. |
silly kid. here's the whole paragraph that you cherry picked a sentence from to seem right.. They're clearly including the payroll and SS calculation in the chart.
nice troll though.
However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.
Thus, the top one percent pay an effective rate of 1.6 percent on social insurance taxes, compared to an effective rate of about 9 percent for most other income groups. (The data are further distorted by the fact that some wealthy individuals, such as lawyers, are paid through corporate structures, so their taxes are listed as corporate income taxes.)
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
Quote:
Originally Posted by TheDoc
Anyway, please continue to confuse: Total tax percentage paid vs. Tax as a percentage of income - watching you dance is pure entertainment.
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someone didn't learn the meaning of "effective tax rate" in troll school.
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