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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (551529)2/22/2010 5:18:11 PM
From: tejek  Read Replies (2) of 1576557
 
Taxpayers on the 95th to 99th steps on the income ladder paid an effective income tax rate of 17.52 percent, according to calculations by the Tax Foundation, a nonprofit research group that favors less taxation and lower rates. Taxpayers in this category earned between $255,000 and $451,000 in 2007, compared with an average daily income of almost $945,000 for the top 400, who paid lower effective tax rates on average.

So cut taxes for the 95th to 99th percentile (and other income groups if they pay less than the top 400), and than they will no longer pay higher effective taxes than the top 400 (or about the top .0003%).

I have a better idea.......we'll raise the taxes on all the rich SOBs in this country and make them pay their way.
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