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Interesting posts here...Think4yourself obviously doesn't think for himself bc he can only quote BBC, The Economist, & NBC...Also, last I had seen, the AGI of the top 1% was ~$380k AND they had an EFFECTIVE tax rate ~23% which represented 38% or ALL income taxes collected. Maybe his/her data was inclusive of investments, which, of course, are taxed as capital gains - not ordinary income.
You are simply factually incorrect as documented by The Economist, The BBC, and NBC News. You are entitled to your own opinions about what the facts mean but you cannot simply ignore the facts.
Complete BS, in ANy conversation about taxes looking at the total amount of taxes paid and by whom is key. You know it even if you don't want to admit it or don't like the factual results. Someone is definately posting lies here but it would be you.
As usual a poster who claims to know what OTHER people know and think.
Hint, I am a CONSERVATIVE and you haven't a clue.
Hint for every economists who thinks one way, there are just as many who think the other way. Or do you think every economist in the world thinks exactly the same way on every subject?
"Life's tough......It's even tougher if you're stupid."
-John Wayne
You are simply wrong. That is only the Federal Government's income while The Economist report linked in the OP (along with the handy graphic which I also showed in the OP) clearly was talking about TOTAL TAXATION AT ALL LEVELS OF GOVERNMENT. This has been pointed out to you three times now so I have to wonder why are you continually ignoring that we are talking about total taxation (meaning Fed, state, local)? Of total government taxation income taxes only account for 27% of total tax revenue.
Are we clear now or are you going to need this explained to you a fourth time?
Corporate, excise, and other taxes are accounted for, as well.
You are the one having trouble reading a chart. We're talking about ALL taxes not just Federal taxes. Why do you insist on ignoring this simple idea, are you doing it deliberately?
Please go ahead and read it, it discusses total taxation in America from all levels of government. Yes, despite your continual denials the Federal income tax only makes up about 27% of all taxes paid. The Economist article has plenty of links and it's one of the best news sources out there.
You simply must be slow. This is like the half dozenth time I have explained we are talking about TOTAL TAXATION (Fed, state, local), your chart is only Federal income, why is this so difficult for you to understand? Also given give the quote you typed I am willing to bet that you are also deliberately trying not to understand the facts.
Last edited by Think4Yourself; 08-21-2012 at 03:39 PM..
As usual a poster who claims to know what OTHER people know and think.
Hint, I am a CONSERVATIVE and you haven't a clue.
Hint for every economists who thinks one way, there are just as many who think the other way. Or do you think every economist in the world thinks exactly the same way on every subject?
"Life's tough......It's even tougher if you're stupid."
-John Wayne
Then put some links out there, big boy, rather then calling people names. The facts are the facts, they are not open to interpretation and who pays what taxes is a simple mathematical operation. One which is completely detailed in links at the OP. Because it is a math problem there is a simple right or wrong answer and it isn't up for debate or opinion.
Honestly, I'm not surprised you're a conservative and that you're unable to read a simple chart.
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