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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (359369)	11/19/2007 3:00:24 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1578452

CJ, > 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%. I'll just settle on this, since this brings up an important point. A lot of taxes are placed upon corporations, which is considered a vast pool of capital upon which to draw. Yet the truth is that taxes on corporations are taxes on consumers, because the net effect is that the tax burden is inevitably shifted to the consumer. The gas tax is a prime example of this. Hence you would be correct in saying that the top 1% may not bear as much of the federal tax load as originally claimed. But that would depend on how you would classify the taxes on corporations. Tenchusatsu