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: i-node who wrote (688334)	12/15/2012 3:50:42 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1574262

Had he chosen to "play all his cards" he wouldn't have paid any in 2011......he took only enough deductions to keep his tax rate at the same it was the year before..ie about 11%

To: i-node who wrote (688334)	12/16/2012 7:54:45 AM
From: Alighieri	Read Replies (1) \| Respond to of 1574262

Could you be just a little bit more specific? "A lot of the taxes" doesn't really explain what you're referring to. I included the taxes reportable in the federal income tax return. State income taxes, excise taxes, real estate taxes...the poorer pay these at higher rates than do the rich...I posted the link to show you the specifics. The article concludes that when all of these taxes are factored in the US' tax system is only mildly progressive. This defeats the argument so often heard that the poor don't pay any taxes. Al