Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (358511)	11/14/2007 3:07:12 PM
From: Road Walker	Read Replies (2) \| Respond to of 1573076

Since not all taxes are federal income taxes, it's not hard to postulate that the richest 10-15% of Americans pay half of ALL the taxes. I don't know. You have... Corporate taxes Excise taxes on all sorts of goods and services Registration taxes on cars and many, many other items Real estate taxes Tolls Sales tax All sorts of business taxes Passport fees <anyone feel free to add to this list I'm sure I'm missing at least 10 tax classes>

To: Tenchusatsu who wrote (358511)	11/14/2007 5:59:51 PM
From: SilentZ	Read Replies (1) \| Respond to of 1573076

>It's already an established fact that the top 20% of Americans pay 80% of federal income taxes. But they make more than 80% of the income, no? -Z

To: Tenchusatsu who wrote (358511)	11/14/2007 9:30:17 PM
From: combjelly	Read Replies (1) \| Respond to of 1573076

"It's already an established fact that the top 20% of Americans pay 80% of federal income taxes." Sure of that? This from 2002. The Council of Economic Advisers' "Economic Report to the President," scheduled for release late next month or in early February, is to include a section arguing for new methods to calculate the distribution of tax burdens on various income groups. The Treasury Department is working up more sophisticated distribution tables that are expected to make the poor appear to be paying less in taxes and the rich to be paying more. washingtonpost.com