View Single Post
Old 09-23-2011, 06:44 AM  
nation-x
Confirmed User
 
nation-x's Avatar
 
Industry Role:
Join Date: Mar 2004
Location: Rock Hill, SC
Posts: 5,370
Quote:
Originally Posted by 12clicks View Post
this is another leftist fairy tale.
lets put it to rest right now. please note the date of the article as well.

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
First of all... you provide an opinion piece as proof... typical for conservatives. Secondly, if you didn't notice, all of those numbers are from a 3 year old report. We were talking about income tax... not excise tax. This is a perfect example of how conservatives try to muddy the water... if you want to include all taxes, there are alot of taxes that hit lower income people much harder than the wealthy purely because it's a much larger percentage of their income. Gas tax, sales tax, etc.

Here is the title of the report from the CBO that he is reporting from:

"Historical Effective Federal Tax Rates: 1979 to 2006"

Now... look at the report... specifically the line where it says "Individual Income Taxes".

Top 10%: 16.0
Top 5%: 17.5
Top 1%: 19.0

Which part of that did you miss. The average of those 3 is 17.5%. If you want to quibble over .5% we can.

Last edited by nation-x; 09-23-2011 at 06:48 AM..
nation-x is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote