Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (397454)	7/9/2008 3:27:24 PM
From: Tenchusatsu	Read Replies (3) of 1575151

Al, > This fellow is paying in the 50% range of his income in taxes, fed, state and payroll, not near 70% as DR maintains....and that's if he's self employed. If he works for another firm, cut that by ~7.5% further. I agree that David's statistics are way exaggerated (70% tax rate is MUCH higher than 50% because of the way the math works). However, why is it OK that hard-working white collar professionals even have to pay 50%? Because all of them necessarily have lots of cap gains and tax shelters? Because $150K/year ought to be enough for any family? Because millions of Americans have to make do with $30K/year? I don't see why people who study hard and work hard to get where they are should be punished to the tune of a 50% effective tax rate. These aren't people who are sitting on mountains of cash, you know. That's why I took issue with your quote. Which I admit was taken somewhat out of context, but the issue is still relevant. Tenchusatsu

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