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karynnj

(60,984 posts)

13. The average rate is lower than 30%

Mon Apr 23, 2012, 11:00 AM

Apr 2012

Last edited Mon Apr 23, 2012, 11:40 AM - Edit history (1)

Here is the best link I can find. Table 8 has the percent of AGI that is paid by income groups. In the text earlier it says that the top .1% includes people making over $1.4 million. Scroll down to Table 8 and you will see that on average this group paid 24.28%. There have been no major changes in the last two years that would greatly change this.

As this table has a long historical series, you can see lots of other things:

- the effect of the Bush tax cuts by income level
- the relative percent paid by the top group over the last several decades. (They only started looking at the top .1% in 2001.)
- notice that the average tax rate has fallen rather dramatically over the interval

http://www.taxfoundation.org/news/show/250.html

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My boss's boyfriend's employer is cutting jobs because of "Obamacare". [View all] gateley Apr 2012 OP

Because of Obamacare? Capt. Obvious Apr 2012 #1

He doesn't have health insurance -- it's the mandate to provide it that they say gateley Apr 2012 #7

So he's shrinking to avoid fed laws then Capt. Obvious Apr 2012 #8

He's planning on leaving anyway, but my real desire is to just subtly let my boss know that gateley Apr 2012 #11

How many employees? Yo_Mama Apr 2012 #24

I'm not certain, but I don't think it's greater than 50 employees. And they're not gateley Apr 2012 #33

Does he have more than 50 employees? If not, he's blowing hot air. sinkingfeeling Apr 2012 #27

Don't know, but I used that (thanks to you) in my rebuttal today. :-) nt gateley Apr 2012 #34

what is the business? warrior1 Apr 2012 #2

A restaurant -- he doesn't get health care now, but they get gateley Apr 2012 #9

no point in answering this pack of bullshit Botany Apr 2012 #3

Exactly, by giving an answer it will only legitimize the lie madokie Apr 2012 #28

I thought of your response today when she didn't answer my email or contact me gateley Apr 2012 #35

I call BS on your boyfriend's employer. SmellyFeet Apr 2012 #4

They're not even laying him off. He doesn't have health care now, gateley Apr 2012 #14

She thinks the published tax-rates, on the IRS website, are the rates rich people actually pay? patrice Apr 2012 #5

The average rate is lower than 30% karynnj Apr 2012 #13

And top rates dropped 20% under Reagan alone. patrice Apr 2012 #38

Shouldn't they raise the bottom of the top income brackets to at least $1 million, or maybe $700K? patrice Apr 2012 #41

I went to the IRS site today because of your response (the radio guy she heard said gateley Apr 2012 #36

Its probably BS ... there is an email going around that says something similar ... JoePhilly Apr 2012 #6

If you own a business you can cut your personal taxes by re-investing your income back into the biz Botany Apr 2012 #15

The more I think about it, I think you're right in your assessment. nt gateley Apr 2012 #37

Ooooh -- that's a good one about the fewer than 50 employees -- gateley Apr 2012 #21

Of course it's probably valid ProudToBeBlueInRhody Apr 2012 #10

Yes, it is possible Yo_Mama Apr 2012 #12

I think my boss's premiums went up (I don't have insurance) but initially she showed me a gateley Apr 2012 #39

Another example of incompetent and selfish people blaming Obama for everything. Ian David Apr 2012 #16

This message was self-deleted by its author Tikki Apr 2012 #17

You're boyfriend's employer is already a Republican douche bag. Atman Apr 2012 #18

Any employers whom honestly believe that Proud Liberal Dem Apr 2012 #23

when people say "obamacare" in a context like this, they usually mean "the economy" unblock Apr 2012 #19

The very rich people put their investments in Yupster Apr 2012 #20

Nothing to be baffled about... JHB Apr 2012 #30

I don't get it? Yupster Apr 2012 #48

The people claiming the 30% rate while ignoring tax-free munis JHB Apr 2012 #49

Found a brief to explain some of the insurance issues Yo_Mama Apr 2012 #22

And thanks again! nt gateley Apr 2012 #40

It's possible, but the more likely scenario is actually hiring more people obxhead Apr 2012 #25

My friend lost his job in 2008 because his employer "was afraid Obama would win the election". JohnnyRingo Apr 2012 #26

Wonder if that would have happened if the Dem coming into the WH was white. I doubt it. nt gateley Apr 2012 #44

No, he is cutting jobs so he can get a bonus this year.....nt Evasporque Apr 2012 #29

I didn't look it up, but I thought EC Apr 2012 #31

I'd forgotten she said that 40-some percent of people didn't pay tax last year, and of course gateley Apr 2012 #42

Who is going to pick up the slack of the fired employees? krispos42 Apr 2012 #32

Not getting fired, just getting some bonuses and incentives taken away. gateley Apr 2012 #43

you get what you pay for krispos42 Apr 2012 #50

That employer is a lying POS. Odin2005 Apr 2012 #45

And relishes blaming Obama. I think you're right. nt gateley Apr 2012 #46

the employer is lying CreekDog Apr 2012 #47

Tell her that the average itemized deductions for those with over $200,000 LiberalFighter Apr 2012 #51

More than likely jobs being cut because of two possible reasons LiberalFighter Apr 2012 #52

The Health Care Reform Act will make cost of insuring employees less expensive bluestate10 Apr 2012 #53

I finally got more info. They are "preemptively" cutting back hours to below 30, gateley Apr 2012 #54