I'd be interested in seeing what that graph looked like if it was median income not average or mean. Originally Posted by atlcomedyyup, this would be interesting; unfortunately there's no data about it AFAIK.
I'd also be interested in seeing what it would look like if it only included active (as opposed to passive) income. Originally Posted by atlcomedyPersonally I don't differentiate btwn. active and passive income. It makes no sense to me.
I'd be interested in seeing what that graph looked like if it was median income not average or mean. I'll suggest the numbers are skewed by the enormous incomes of call it the top 1/10th of 1%.Well to give you an idea how much skew there is in those numbers, the entry point into the top 1% was a little over $400K in 2007, versus an average for the group of about $1.3 million (as shown by the graph). Might be one of them high draft picks.
I'd also be interested in seeing what it would look like if it only included active (as opposed to passive) income. Originally Posted by atlcomedy
they paid 40+% of all income taxes. So I guess the correct response from the rest of us should be: "Thanks!"Federal Income taxes. Federal. Just in case anyone thinks that is the only taxes we pay.
http://www.taxfoundation.org/news/show/250.html
Originally Posted by pjorourke
Federal Income taxes. Federal. Just in case anyone thinks that is the only taxes we pay.Yeah that tired argument is like the, "The workers agreed on a wage and we make a profit. It's a win win." That's horse shit.
Reagan lowered the taxes on the rich and raised SS and imposed a gasoline tax. Which affected the middle class and poor. Predictable the Gini coefficient has been on the rise every sense. And yes the wealthiest have skewed the average. Most are taxed at the long term cap gain rate.
PJ the rich haven't even paid for a war they wanted to fight. You barking up the wrong tree if you think that deserves an atta boy.
Originally Posted by WTF
Yeah that tired argument is like the, "The workers agreed on a wage and we make a profit. It's a win win." That's horse shit.
. Originally Posted by Marcus Aurelius
Federal Income taxes. Federal. Just in case anyone thinks that is the only taxes we pay.Agreed. Its Federal and its Individual Income Taxes which are 45% of total revenue and 70% of non-payroll taxes (which since they fund benefits that are worth more than the taxes [except for the rich] shouldn't be counted).
Originally Posted by WTF
http://www.niemanwatchdog.org/index....groundid=00469 Originally Posted by TexTushHogThe professor would have done well to better acquaint himself with the issue before writing that.