Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (622799)	8/4/2011 1:37:59 PM
From: J_F_Shepard	Read Replies (1) of 1584703

"So what they don't pay taxes at same rate you or I do. " " the idea that they pay lower tax rates than a person with an average level of income and deductions is rather questionable, since the typical American pays less than 15% of their income in federal income taxes." Hedge Funds exec's pay at cap gains rates.... Top 5% incomes in US pay about 20% of AGI...and that argues for higher rates on the wealthy... "o not only are you only talking about increasing the tax burden on a very small number of people, it would also increase on only a small portion of their income." May be a small number of people but as you say, that's irrelevant.....and it is more than a small portion of their income otherwise they would fight so fiercely for it.....

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