Quote:
Originally Posted by crockett
Did you read what that NY Time study said? This is what the text says from the graph you linked.
"While the top marginal tax rate on ordinary income is 35 percent, the average rates the wealthy pay are much lower. Much of their earnings come from capital gains, interest and dividends, which are taxed at 15 percent. And because only income up to $106,800 is subject to the payroll tax, they pay lower effective rates than those who earn less."
They even confirmed that the the wealthy pay a lower tax rate. They are showing the tax rate on the income but what you are missing is that's just on the first $100k.
That page I linked goes into great detail because it explains the entire equation of what is paid across the board and doesn't cherry pick one small segment to try and make it appear that one group or the other pays more or less.
|
Look closer at the chart, top income brackets pay 21%, fourth quintile and lower pay 16% or less... how can you keep a straight face and say that top income brackets pay lower %, when that's clearly not the case?
the whole thing was published in a liberal newspaper, if they can't backup your claim, no one can...