To: halfdome
I get tired of the spin that the rich pay so much more in taxes -- of course they do, but they still pay a smaller percentage of their income in taxes, after deductions, etc
Huh? Have you looked at the tables lately? The tax rates range from 10% to 38.6%. Those in the dreaded "top 1 percent" pay a much higer rate of their income that the bottom rungs. Where do you get your theory?
14 posted on
10/14/2003 2:47:43 PM PDT by
cspackler
(There are 10 kinds of people in this world, those who understand binary and those who don't.)
To: cspackler
Huh? Have you looked at the tables lately? The tax rates range from 10% to 38.6%. Those in the dreaded "top 1 percent" pay a much higer rate of their income that the bottom rungs. Where do you get your theory?Let's do the hypothetical math here. Suppose your income is one million cool simmolians and your tax is the mythical, by-thunder-it's-killing-me 38.6%. Well, that would leave you with 614,000 slippery bananas. Now with a straight face say the following, "I can't live on 614K per year and I'm so depressed and that my incentive to work has come to a complete halt."
41 posted on
10/14/2003 5:41:08 PM PDT by
Archangelsk
(JULES: He gave her a foot massage. VINCENT: A foot massage?)
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