It's okay if a small minority of citizens pays almost all of the income taxes as long as it's below a certain percentage of their income? In a democracy, do you think this is a recipe for fiscal stability?
As far as table 8 is concerned, everybody's tax rate dropped. For the bottom fifty percent, the rate is half what it was in 1980. About three percent compared to the upper tier's 22 percent.
To be fair, payroll taxes would tilt things the other way, but not all that much.
Here's a much more comprehensive paper showing all the taxes and the effects of government spending on the different groups. Figure 7 and 8 are instructive, particularly relating to the common meme that the rich should pay more taxes since they get more benefits from "society."
Current Events » in reply to re: The right way to look at this
So let me get this straight...
The whole thread (34 posts)
- Who's paying the Federal income taxes
- The Rich STILL Pay at a Lower Rate than the Rest of Us.
- My uncle makes $144,000.00 gross/year...
- Luke 12:48
- The right way to look at this....
- Oh what tangled webs we weave...
- Please cite the source of reproduced material. (n/t)