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dmallind

(10,437 posts)

7. not really.

Reply to Ziggystrange (Reply #5)

Wed Mar 14, 2012, 04:27 PM

Mar 2012

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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President Obama has already signed a law raising taxes on top earners by $210 billion. [View all] TheWraith Mar 2012 OP

Now we know the REAL reason they wanted to scrap it marlakay Mar 2012 #1

Where? Ziggystrange Mar 2012 #2

Line item 1: "Broaden Medicare tax base for high-income taxpayers: $210.2 billion" TheWraith Mar 2012 #4

Please read this. Ziggystrange Mar 2012 #5

The math adds up. TheWraith Mar 2012 #6

Ok I'm just trying to understand where your numbers came from Ziggystrange Mar 2012 #8

not really. dmallind Mar 2012 #7

Hooray! We're saved! Nuclear Unicorn Mar 2012 #3