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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (749044)10/24/2013 3:28:39 AM
From: SilentZ  Read Replies (1) of 1573774
 
>The reason why you don't see the "richest one percent" ever paying the highest nominal tax rates is twofold:

I didn't say they did. I said that they pay more when the nominal rates are higher, relatively speaking. Not that they'd necessarily pay all the way up at that rate.

>1) They can (and often do) afford to shift their income toward tax shelters. No one EVER voluntarily pays higher tax rates.

Yes, because people rob banks sometimes means we shouldn't have banks.

>2) They can take advantage of as many deductions as possible.

Sure, but they're still going to pay more when taxes are higher. Just not 100% of what the tax brackets call for.

>Either way, you haven't shown any causality between progressive tax rates and the gap between rich and poor. Just a correlation that means nothing because you choose to ignore the points where they don't coincide (e.g. Clinton's raising of taxes and the rich still getting richer under his watch).

1. You told me that you have evidence the other way, but you really don't.

2. Clinton raised the federal marginal income tax rates a very small amount, and it lasted a very short time. As I said, there's a lot more to taxes than the federal income tax. You can fixate on it, but it doesn't make it the be-all end-all. As I said in my last post on the subject, we should be looking at capital gains rather than income.

-Z
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