SI
SI
discoversearch

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 (359359)11/19/2007 1:57:09 PM
From: combjelly  Read Replies (1) | Respond to of 1578393
 
"How do the following "nuances" make more than a minor difference?"

Well, the "minor" differences means the top 1% don't pay 40% or even 33% of the total federal tax load, but more like 22%.

And that doesn't take into account state and local taxes. Which tend to be regressive.

faireconomy.org

And a growing percentage of the total tax burden as services get pushed off on the states.

And that means that top 1% pays an even smaller portion of the overall tax load. And it is shrinking.

So, his premise was flawed and his numbers were wrong.

I suppose that is obfuscation, but...



To: Tenchusatsu who wrote (359359)11/19/2007 3:01:44 PM
From: Taro  Read Replies (1) | Respond to of 1578393
 
Ridiculing the links to Limbaugh and WSJ because of the low standing they have with the liberal establishment, which believes the opposite camp must be subject to same low morals as their own propaganda machine.

Then here comes my NYT (a lib rag par excellence if unknown to you) link giving exactly the same piece of information as the former two, just around 35% of all income taxes paid by the top 1% income bracket!

No further comments but quite refreshing indeed.

Taro