Direct me to the data you used.
From Reply #60:
refer: What's so fair about a tax on income? by Dan Mastromarco LLM:
the Effective total federal tax rate as a function of expenditure under the NRST
Goto:
http://www.cbo.gov/showdoc.cfm?index=1545&from=4&sequence=0:
Compare Annual expenditure vs taxrate data above with family income quintile data from CBO tax tables.
Or for a computed answer of actual cummulative distribution: compute tax paid by income class instead using CBO tabular data above and sum tax payment calculations for the quintiles to determine the distribution curve.
For NRST
For each quintile, multiply #families * average income *.23 = tax paid at register.
Sum quintile tax estimates for total tax revenue.
Compute percent of total for each quintile. and for the top 10%
Compute FCA for family of 4 returned to each quintile as a percentage of total tax revenue. (#families in quintile * 5,352)/(total tax revenue)
Then sum results and chart as % cummulative distributions with respect to quintiles.
Estimates should closely reflect the shape and levels of the tax distribution curve, where tax payments are proportionate to personal consumption expenditure. A reasonable assumption as lower income quintiles have little excess for saving, and for upper quintiles business investments out of personal "income" cannot be expended for personal use or leisure and Old money(savings) tends to be spent on consumption in excess of current income which is why the personal savings rate is very low for higher income brackets as well.
If your numbers are accurate, I will enthusiastically support NRST and carry the message to others.
How is it that I rather doubt that you will determine my numbers to be accurate? The calculations are precise and based on CBO income distribution. Use the above methodology and the answers will be the same.