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To: NaturalBornConservative

I don’t believe you are including the payroll taxes in those numbers, which is (I believe) 7.65% on both employee and employer side from dollar 1.

I am not going to take your word for it that no one pays at the 39% bracket. If they don’t, I’m not sure how you can say the people in the top brackets are paying less.

Cruz is a devotee to Milton Friedman, whose considered to be anything but a crackpot. Personally, I think Friedman doesn’t take enough of the cultural/societal factors into consideration, as he focuses almost exclusively on dynamism, efficiency and growth on a macro level. But for a starting point, you can do much worse.


59 posted on 11/30/2015 10:53:56 AM PST by Dr. Sivana (There is no salvation in politics)
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To: Dr. Sivana
Right, the figures represent Income Taxes. They do not include Social Security and Medicare contributions, which barely cover benefits currently being paid. However, there is another chart that includes them.

You don't have to take my word for it, but since the 39.6% bracket doesn't kick in until taxable income exceeds $413,201 (for singles) and $464,851 (for couples), which places one in the top 1% of earners, and since it only applies to taxable income earned above this level, it's safe to state that no one pays an effective tax rate of 39.6%.

Milton Friedman was a great economist, and far from a crackpot. Ted Cruz, on the other hand, is an attorney and, in my opinion, a political con artist, always eager to capitalize on any falsely drummed up controversy.

62 posted on 11/30/2015 12:20:38 PM PST by NaturalBornConservative ("Something that everyone knows isn't worth knowing" ~ Bernard Baruch)
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