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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (622795)8/4/2011 6:10:33 PM
From: Alighieri  Read Replies (2) of 1579555
 
CAP is not only ignoring many forms of taxes either directly on Exxon Mobil, or on its products, its also taking the effective tax rate actually paid by XOM and comparing that to the nominal marginal rate for individuals. Well I don't know for sure that its doing that, but it can't be comparing the actual effective tax rates for both, since the actual percentage of income paid to the feds for most Americans is under 17.2 percent, in fact over a third and approaching a half or Americans have no net federal income tax liability.

You miss the bigger picture here Tim...you are right about one thing...tax revenues have never been lower....for everybody...it's time we realize that we can't have our cake and eat it too.

Al
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