Exactly.Or are you just saying that you would call the capital gains tax an "income tax", so you assume that it is included in the chart? If that's what you're saying, you could be right, but I doubt it. Usually the government breaks down capital gains, corporate income taxes, estate taxes and income taxes as four separate categories of taxes. That's why, for example, when politicians talk about raising or cutting "income taxes" that has no effect on capital gains taxes.
What politicians say is not what the tax code says. Capitals gains taxation is a federal income tax. The classification of the income being taxed is one thing, but it's still an income tax. The character of the income is different, and hence the rate is different...but it's an income tax. When any credible federal source says "this accounts for income, sales, and excise taxes" that's what they mean.
Publication 17 (2010), Your Federal Income TaxBut, who knows, maybe for the purposes of that chart they lumped some of that stuff together to make it more readable or something. If you think that is the case, by all means, lets see a source confirming that.
See that part under "Your Federal Income Tax" that says CAPITAL GAINS?...
Who argued that we shouldn't figure out if THEY are paying a reasonable share? Did I argue that? Show me where.That top 1% owns 43% of all the wealth in the country. To argue that we shouldn't even bother figuring out if they are paying a reasonable share of the taxes strikes me as totally absurd. That is perhaps the most important political issue out there right now- they aren't paying anywhere near their fair share. They're getting MASSIVE tax breaks and cheating on their taxes and exploiting loopholes and it is costing us hundreds of billions of dollars a year. We can't afford to keep floating them that extra cheese.
My point was that THEIR taxes are not a sign of what "rich people" are paying. They are not even a sign of what the top 20% in this country are paying. Their tax rate is NOT a sign of what is happening to the middle and upper classes at large. The sheer volume of their money makes it very easy for them to hide their earnings. Should they pay more? Yes. But that's a matter of complicity, not "EVERYONE NEEDS TO GIVE YOUR FAIR SHARE." That's why the Bush Tax Cuts need to expire, and certain loopholes need to be closed.
And by the way...the top 1% that owns 43% of all the wealth in the country? They paid 40% of all income taxes in the nation in 2007, and that number has gotten higher in years since. Is it as much as a poorer man relative to their income? No. But they pay it.