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


To: Tenchusatsu who wrote (719132)6/3/2013 8:43:02 AM
From: Alighieri  Read Replies (2) | Respond to of 1580235
 
Al, that graph is for a family earning the median income. Of course they're going to be paying next to nothing in income taxes, though they still have to pay 8-9% for SS and Medicare. (Oops, I guess you forgot to count that.)



Why would you say that? From the very article I posted. Read grasshopper...
Overall Federal Taxes Also at Low LevelsWhile income taxes on middle-class households have declined in recent years, so, too, have overall federal taxes.

Households in the middle fifth of the income spectrum paid an average of 11.1 percent of their income in overall federal taxes in 2009, the latest year for which data are available, according to CBO. [7] This is the lowest on record in data that go back to 1979. When CBO publishes data for more recent years (such as 2013), overall federal average tax rates on this middle group will likely be higher — though still low historically — because they will reflect the expiration of the temporary income and payroll tax cuts discussed above.

Most Americans pay more in payroll taxes, which support Social Security and Medicare, than they do in income taxes. In a typical, non-recession year (that is, one without a temporary tax cut), payroll taxes amount to about 9 percent of income for households in the middle quintile, according to CBO. [8]

By the way, the top 50% of all Americans (i.e. ABOVE the median) pay 98% of all federal income taxes. If you can figure out what that means in the context of your counterargument, I'd be surprised ... ;-)


The point can be expressed in far more shocking terms...and you'd still see that as a burden rather than a privilege...and a social problem.

Al