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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (132890)	3/12/2010 7:26:07 AM
From: slacker711	Read Replies (3) \| Respond to of 541006

Actually, as I recall, they reflect all federal, state, and local taxes. Which would, certainly, include social security. And, I assume, medicare. The article explicitly states that this is federal taxes only. Worse yet, as far as I can tell, it doesnt even get the numbers from the Tax Policy Center correct. They use cash income instead of AGI as their starting point, but they show that the top 1% earn 16% of income and pay 22% of taxes. taxpolicycenter.org Moreover, this left-leaning think tank (it is a combination of the Brookings Institute and the Urban league) starts out that paper with the following quote. Overall, the federal tax system is progressive You mistake me if you think I support Ryan's proposals (or Ayn Rand) I have repeatedly stated that I favor a return to the Clinton tax brackets. My objections are to rates significantly above that or to the fact that so many pay virtually nothing in taxes and that the number of those people continue to go up. There is little incentive to contain costs when so many receive goods and services for which they pay virtually nothing. the government is the problem; and thus cannot be a source of solutions. Reagan is the prime culprit here. I can only say that I shudder to think of the size of the welfare state without Reagan. Slacker