General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFrom September, 2012 - John Talbott:
http://www.huffingtonpost.com/john-r-talbott/rich-pay-taxes_b_1873392.htmlApologies if it's a dupe, but I think this is a good article and merits a re-post.
Check out these tables:
I know this is low and I challenge anyone who disagrees to try living on $2,000 a month for a while and to feed and clothe a family. But, let's call it the bare necessities and see what it means for American families.
If you subtract this $2,000 a month or $24,000 per year from the various quintiles' incomes, the following pre-tax disposable incomes result;
And here are the actual average taxes paid by quintile;
AnnaLee
(1,041 posts)pepperbear
(5,648 posts)Warpy
(111,352 posts)that would house a family of four for $480. In many parts of the country it's double that and in neighborhoods where you need to carry a baseball bat. The $140 in utilities is pretty minimal, too, especially if you live in a super high cost area like Texas and other places utilities are privatized.
Notice also that there is no provision for medical expenses. $25.00 per week per person for food is not going to keep the family healthy, not unless they are making extensive use of multiple food pantries.
I'd like to see this list broken down for various cities around the country. The plutocracy doesn't care, of course, but it might be a real eye opener for a lot of other people.
By the way, that last one should read "$1,000,000 yearly income." Assets of a million aren't what they used to be.
tblue37
(65,488 posts)apartment, and it is old and not in very nice condition. It also costs me about $65/month in water; $100-130/month for electricity in the hot months (and there are a lot of hot months in Kansas!); and $40-$90/month in gas, since I have gas heat in cold weather.
You could NOT house a family in my little hole. I barely manage in it myself, since there is virtually no storage--and no coat closet, either.
geckosfeet
(9,644 posts)And so, here are the tax percentages that each quintile actually pays as a percent of their true disposable incomes assuming everyone needs at least $2,000 a month just to get by.
Do the Rich Pay Their Fair Share of Taxes?
Kind of say it all - or a lot anyway.
BTW - who the hell pays $480 for rent/mortgage for a family?
pepperbear
(5,648 posts)but that makes his case more, don't you think?
Warpy
(111,352 posts)who will think you can find a crummy apartment for $480 a month and that you can feed people on $25.00 a week and that either they will have no medical expenses or that they will be taken care of by fairy dust.
This is why an area by area study needs to be done.