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bhikkhu

(10,789 posts)

21. The 40% vs 17% refers to the cut-off between <200k vs >200k

Sun Dec 25, 2011, 01:10 PM

Dec 2011

rather than the division into quintiles. But then looking for the original source of that...perhaps I need to take it back - I can't find the link that it came from!

This is along the same lines, but doesn't divide up the same or come up with the same numbers: http://www.csmonitor.com/USA/2011/0415/Taxes-and-the-rich-How-much-do-they-pay-now

...and then this is another one which addresses the problem pretty directly: http://curiouscapitalist.blogs.time.com/2009/04/15/the-400-richest-americans-and-their-terrible-tax-burden/

The basic thing is, if someone complains about how much more taxes the wealthy pay in comparison to the rest of us, they could just as easily complain about much more income the wealthy make, as they are taxed at lower effective rates than the rest of us when looking at "total tax burden".

I'll look for the original link and post it if I can find it...waiting for the kids to get up right now (Merry Christmas!)

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I keep hearing complaints about 47 percent of us not paying any income tax. [View all] lefthandedlefty Dec 2011 OP

I'm pretty sure Sedona Dec 2011 #1

Put em to work so they can pay taxes! proud2BlibKansan Dec 2011 #3

Excellent point, makes the figures more honest. The ones spouting it just want to feel superior. freshwest Dec 2011 #6

Since the 47% figure is households Riftaxe Dec 2011 #11

Retirees also pay income taxes you know...a third are taxed on Social Security Bluenorthwest Dec 2011 #19

This message was self-deleted by its author Obamanaut Dec 2011 #29

people who pay more taxes are making more money before taxes and still making more money after taxes unblock Dec 2011 #2

A wingnut actually told me that the rich DESERVE to pay less in taxes proud2BlibKansan Dec 2011 #5

sociopath. unblock Dec 2011 #8

Yeah, it is kicking someone when they're down. Fix the problem at the root, good thinking there. freshwest Dec 2011 #4

Exactly! The fact that 47% of the citizens don't earn enough to pay taxes is the sad part. FarLeftFist Dec 2011 #7

That isn't the difference. You can have a kid working part time who pays more in taxes. dkf Dec 2011 #16

The overall tax burden is the best response to that bhikkhu Dec 2011 #9

This is the data from your link. It doesn't support your numbers. dkf Dec 2011 #18

The 40% vs 17% refers to the cut-off between <200k vs >200k bhikkhu Dec 2011 #21

I used to pay about $4000/year marybourg Dec 2011 #10

That is just Limbaughish bullshit, the same as 20% pay 80% of the taxes, etc. Major Nikon Dec 2011 #12

That is such a red herring. What isn't paid in income tax is paid BlueToTheBone Dec 2011 #13

I believe everyone who files income taxes should pay a bit taught_me_patience Dec 2011 #14

I believe that figure includes children and poor seniors. More bull**** from the right. applegrove Dec 2011 #15

This message was self-deleted by its author Obamanaut Dec 2011 #17

Agreed, k and r Stuart G Dec 2011 #20

Its not just the rich CANDO Dec 2011 #22

It sounds better than pointing out that 47% of us have no income. nt bemildred Dec 2011 #23

For the 2011 tax year... LiberalFighter Dec 2011 #24

Clearly their children should be cleaning the schools. CTyankee Dec 2011 #25

The truth ErikJ Dec 2011 #26

when the repubs start agitating for the home mortgage interest deduction to be taken away, we might CTyankee Dec 2011 #30

Because most of us are not working for them. We are elderly on Social Security, Disabled making jwirr Dec 2011 #27

This message was self-deleted by its author Obamanaut Dec 2011 #28

Report: Rich-poor gap growing LiberalFighter Dec 2011 #31