Who Pays Taxes wrong guess - Democratic Underground

clarence swinney

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Sat Jun-12-10 12:41 PM
Original message

Who Pays Taxes wrong guess

TAXES PAID IN 2008 ON TOTAL INCOME IN FEDERAL-STATE -LOCAL TAXES

LOWEST 20%========18.7%
SECOND LOWEST 20%=22.3%
MIDDLE 20%========27.0%
FOURTH 20%========30.0%
NEXT 10%==========31.5%
NEXT 5%===========32.2%
NEXT 4%===========32.1%
TOP 1%============30.9%
ALL===============29.4%
CTJ.ORG
BOB MCINTYRE

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Vincardog

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Sat Jun-12-10 12:43 PM
Response to Original message

1. Would you please run that up as a percentage of income?

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UndertheOcean

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Sat Jun-12-10 12:47 PM
Response to Reply #1

5. Uhm , it already is !

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Vincardog

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Sat Jun-12-10 02:11 PM
Response to Reply #5

8. Are you trying to tell me that the TOP 1% pay 30.9% of their income in income taxes? Sounds like

Edited on Sat Jun-12-10 02:12 PM by Vincardog

a load of BP

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unhappycamper

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Sat Jun-12-10 12:45 PM
Response to Original message

2. Can you show the percentage of taxes paid in term of income? n/t

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annabanana

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Sat Jun-12-10 12:46 PM
Response to Reply #2

4. really. . You'd think they'd get tired of that crusty old meme. . .n/t

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UndertheOcean

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Sat Jun-12-10 12:46 PM
Response to Original message

3. something is wrong , the sum of the numbers on the right is not 100% ?

I know the answer ...

would be interested in seeing how much each segment contributes as a percentage of the total budget rather than as a percentage to individual incomes

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ladywnch

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Sat Jun-12-10 01:11 PM
Response to Original message

6. anyone can throw numbers together. what is the source of this info?

who produced these numbers?

I realize you are fairly new here (judging by your post number) but unsubstantiated data like this is usually denounced or ignored.

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bornskeptic

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Sat Jun-12-10 06:21 PM
Response to Reply #6

13. Here's a link for you.

This has the 2009 data, so the numbers are a little different. The table is at the bottom of page 1.

http://www.ctj.org/pdf/taxday2010.pdf

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dorkulon

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Sat Jun-12-10 01:13 PM
Response to Original message

7. What about payroll taxes? Sales taxes?

Give it up.

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Hansel

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Sat Jun-12-10 03:04 PM
Response to Original message

9. You can add in 7.65% into the bottom 3 groups for FICA.

15.3% for those who are self-employed. After that is drops off with it barely registering in the top several groups.

This list is missing a big chunk of other regressive taxes as well. So those numbers would change drastically if you added payroll, sales, and gas taxes along with property and local taxes and fees for services.

Low income and the middle class pay a higher percentage of their income in taxes than the wealthiest if you don't pick and choose the taxes you include in your analysis.

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phleshdef

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Sat Jun-12-10 04:18 PM
Response to Original message

10. This data doesn't account for those that make most of their money through capital gains.

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PBS Poll-435

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Sat Jun-12-10 04:25 PM
Response to Original message

11. I don't understand the point of this data being shared

So we have a mostly progressive tax system sans the top 1%...which is pretty close to the top 10%.

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LiberalFighter

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Sat Jun-12-10 06:19 PM
Response to Original message

12. What is the percent of income for the top 1%?

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rasputin1952

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Sat Jun-12-10 06:59 PM
Response to Original message

14. Those at the top don't have payroll taxes....

Edited on Sat Jun-12-10 07:04 PM by rasputin1952

and they have numerous ways to "shield" income from taxation.

Anyone who makes a hefty income has CPA's and Atty's on retainer to make sure they don't pay anything in taxes. They "invest" they don't work, the poor slob getting a check is supporting the investors, always has, always will.

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hedgehog

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Sat Jun-12-10 07:19 PM
Response to Original message

15. Decisions, decisions, decisions ......

would I rather pay 18.7% of $12,400 a year, or 30.9% of $1,328,000 a year.........

The first guy has about $10,000 left, and the second guy about $917,000.

Somehow I don't think the percentages tell the entire story.

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