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Old 09-23-2011, 07:40 AM  
nation-x
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Quote:
Originally Posted by 12clicks View Post
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
No one is disputing that the wealthy pay a larger percent of total tax revenue that the government receives. They also earn more money than the entire lowest 50% of earners. I will quote Obama... "it's math". I happen to be good at math. It would seem that you would be as well so you can add up all of your cheese... but you are trying to create an equation that doesn't reflect reality.
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