CADsortaGUY
Lifer
Originally posted by: jahawkin
Regarding this stat:
top 50% earns 86.19% of the wages
top 10% earns 43.11%
top 1% earns 17.53%
Now compare that to
top 50% pay 96% of all income taxes
top 10% pay 65%
top 1% pay 34%
I think that's misleading, as there are other ways to gain income that are not classified as wages. In addition, by just focusing on income tax (the most progressive of taxes here in the US) and not the total tax burden (including sales taxes and other regressive taxes) gives the false impression that the rich are overtaxed, when in reality they pay roughly the same percentage of their income to taxes as everyone else (as reflected in the NYTimes chart).
This misunderstanding leads to comments like this from Caddy:
The rich and poor are taxed exactly the same on thier first $6000 of income, on their first $26,250 of income, and so on as pointed out earlier in the thread.What he fails to understand is that the "rich" pay an extrodinary amount of money in taxes and are taxed at a much higher rate than us poo folk on their income. 96% of all income taxes are paid by the "rich" top 50% percent of wage earners, who make over 40-50K/yr.
You seem to misunderstand my point just as the rest of the people here. The Left seems to think that for some reason the "rich" don't pay their "fair share" but that figure puts that assertion in question since it is pretty much the only truely income based tax. To throw the other taxes in there isn't right because - those are more set rate taxes which have very little to do with income. So lumping them into income categories is not "honest". Now again - nobody seems to want to show that the "rich" don't pay their "fair share" - they just want to keep repeating the same old "lets tax the rich" whining.
Also if you have a problem with those stats - go find some to refute them
It's nice to see that class warfare is still alive and well in this country
CkG
