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Response to Ziggystrange (Reply #5)

Wed Mar 14, 2012, 04:27 PM

7. not really.

Total income is about 12T.

The top 1% get 20% of it, and pretty much that's the group that pays the highest marginal rate (over 370k or so). Now assuming ALL their income is at that rate, which is an exaggeration, we'd have 2.4T. but we only raised the rate 4.6% which gives us a max of 110B a year, but that's before any deductions at all, and again assuming all income is subject to the highest rate.

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TheWraith Mar 2012 OP
marlakay Mar 2012 #1
Ziggystrange Mar 2012 #2
TheWraith Mar 2012 #4
Ziggystrange Mar 2012 #5
TheWraith Mar 2012 #6
Ziggystrange Mar 2012 #8
LineLineLineLineNew Reply not really.
dmallind Mar 2012 #7
Nuclear Unicorn Mar 2012 #3
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