Politics
Out of context: Reply #14982
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http://reason.com/archives/2011/…
heres something to think about. especially if you were in the top 10 percent and what you felt was a fair progressive rate. im curious if you would really act differently with tax right offs and legal ways to save what you earned. And yes the article doesnt paint the whole tax story, but more so then your typical bias media outlets that say either less taxes are good or private enterprise and profit is bad. might give a little better perspective."As you can see, the top earning 1 percent of Americans (or 1.4 million returns making more than $380,000) paid 38 percent of federal personal income taxes. However, they made only 20 percent of income. The top 5 percent of income earners pay almost 60 percent of income taxes and make almost 35 percent of all personal income. The Americans at the lower half of the income spectrum (or 70 million returns) paid 2.7 percent of the total. This chart also shows that roughly half of taxpayers pay for almost all of the federal personal income taxes.
It means that the income tax in America is extremely progressive."
- and not to say i dont see the reason for progressive tax. but i can objectively define a true rate or what is right.********
- *cant********
- and not to say i dont see the reason for progressive tax. but i can objectively define a true rate or what is right.