Maybe this is mentioned elsewhere in this thread but I heard on the news yesterday that 90% of all federal taxes are paid by 20% of the population. If that's true, it's appalling.
One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.- Plato
ability to pay appeals to the masses but is hardly fair
THe key word in the charts in the op is "taxable".
If anybody is really so naive as to think the taxable income for the really wealthy represents their ACTUAL income,perhaps they should just move along so as to not embarrass themselves.
"you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos
I'd prefer to see either:
1. A single flat tax that covered everything; federal, state, local, gas, cell phone, tolls, whatever. Automatically deduced from our paychecks; no annual filling, loopholes, deductions, credits, whatever. Let the government figure out the math and split it up, not us. If the government wants to offer a credit for something, let that be separate from taxes and work like a rebate. If they want to add more taxation to cigarettes and beer with so-called sin taxes, roll that into the costs of the product like gas.
2. A single flat retail sales tax that covered everything. No payroll deductions, no annual filling, no loopholes, no deductions, no credits, no whatever. I'd be okay with a higher sales tax rate for luxury items and services and waiving the tax all together for residential homes that are less than 200% of the cost for median homes in their state. If the median home in your state is $150,000, no sales tax on homes $299,999.99 and under. And no property taxes ever.
Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011