Quote:
Originally Posted by nation-x
Way to spin... I would be willing to bet I actually pay a larger percentage of my income in taxes than you do... so you can continue with that bullshit ignorant insult game you always play when you are proven wrong if you want... but these number are from the CBO report that the report you linked to is quoting. So... those ARE your numbers... Richie Rich.
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well we're all very impressed by what you're willing to bet on a chatboard. the facts however remain.
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