Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-21-2013, 10:12 AM
 
Location: New London County, CT
8,949 posts, read 12,131,290 times
Reputation: 5145

Advertisements

Quote:
Originally Posted by hartford_renter View Post
Ok the percentage of income going to taxes is lower but the spending is higher.

The top 1% earns more in income but pays a much higher rate. For example a couple making 50K with two kids pays about 1% in federal income tax but a couple making 250K with two kids pays about 20% In income tax.

The rich couple makes 5 times more and pays 20 times more. The lower class in most cases gets a tax refund through the earned income tax credit.

The median income is about 50K so it represents the middle class. The tax rates are very progressive and the rich pay a higher percent a higher amount then the middle class.

The median income pays about 10% of their income in federal taxes the top 1% pays about 20%

Progressivity in United States income tax - Wikipedia, the free encyclopedia

So the rich are paying about 2X the rate and like 30X the amount in taxes. I'm sorry but this is highway robbery, the poor are bankrupting this country and dumb liberals who obsess over guns and abortion help make this happen. This is why the state is going bankrupt and companies are leaving.
I think you need to read up on and understand marginal tax rates...
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut
Similar Threads

All times are GMT -6. The time now is 03:54 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top