Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tejek who wrote (546384)	1/27/2010 6:04:18 PM
From: TimF	Read Replies (1) of 1574689

They need to pay for living in one of the most stable countries in the world. They do. They pay much more than the cost that would be required to fund the government's efforts at security and stability. They are slackers when it comes to paying their fair share of taxes. Ridiculous. --- The Progressivity of the Tax System The CBO has released a new report on effective tax rates (total taxes divided by total income). Compared with previous reports, it includes more information about thin slices at the top of the income distribution. Here are the total effective federal tax rates for 2005, the most recent year available: Lowest quintile: 4.3 percent Second quintile: 9.9 percent Middle quintile: 14.2 percent Fourth quintile: 17.4 percent Percentiles 81-90: 20.3 percent Percentiles 91-95: 22.4 percent Percentiles 96-99: 25.7 percent Percentiles 99.0-99.5: 29.7 percent Percentiles 99.5-99.9: 31.2 percent Percentiles 99.9-99.99: 32.1 percent Top 0.01 Percentile: 31.5 percent N.B.: These figures include all federal taxes, not just income taxes. gregmankiw.blogspot.com It includes all direct federal taxes, but doesn't include indirect taxes, or lower returns in leu of taxes that affect the rich more. Tax free bonds pay a lower rate of return, and are mostly owned by the wealthy. The wealthy own more stock, so they are larger owners of corporations, corporations pay taxes which affect the owners (to the extent they can't be covered with higher prices or lower wages), but the corporate tax isn't included in those figures. Adding those tax costs would make the information above even more lopsided.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next