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I'm gonna have to jump on board the wagon with that being a bad figure, got some others Isaac Send a noteboard - 14/04/2011 07:33:14 PM
I've only got 2007 CBO data, but I think page 6 from the report linked below is probably more trustworthy on this score, I'm sure the values changed but not that much, and that has the top 1% paying 28.1% of all federal taxes and 39.5% of all income taxes, going to (for income taxes) 61% for top 5%, 73% for the top 10%, and the top quintile being 86%, top quintile also doing 69% of all federal taxes and having an avg pre-tax household income of 265k, this is all by household, no adjustments for household size. Next Quintile does another 12.7% of income taxes (leaving 1.3% I guess for the remaining 60% of households) and 16.5% of all federal taxes leaving 14.4% of federal tax revenues for the lower 60% of households to generate, that appears to be boots balls and all but obviously wouldn't include things like gas tax. Again that's on page 6, 2006 data on page 7, if there's '08 data I don't know where it is and I doubt there's anything more recent. I won't claim the CBO to be the source of all that is pure and true and objective but I don't think we can do much better.
The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.
- Albert Einstein
King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
CBO - 2007
This message last edited by Isaac on 14/04/2011 at 07:48:47 PM
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How can anyone seriously support Obama's budget proposals? Tom - 14/04/2011 02:49:30 PM 1276 Views
I agree with your overall point but I do question one of your facts random thoughts - 14/04/2011 03:25:25 PM 745 Views
Using IRS data for 2008: (most recent year for which data is available) Macharius - 14/04/2011 03:45:20 PM 775 Views
those numbers sem high. What is your source? *NM* random thoughts - 14/04/2011 05:05:26 PM 293 Views
You didn't interpret the spreadsheet correctly. I'm positive of that. Tom - 14/04/2011 06:08:39 PM 633 Views
I'm gonna have to jump on board the wagon with that being a bad figure, got some others Isaac - 14/04/2011 07:33:14 PM 819 Views
Some other income data for historical perspective, again CBO Isaac - 14/04/2011 07:45:13 PM 735 Views
Data: http://www.irs.gov/pub/irs-soi/08in31mt.xls *NM* Macharius - 14/04/2011 08:32:42 PM 306 Views
That's a breakdown of who modifies their returns and how it affects revenue. Tom - 14/04/2011 09:15:21 PM 593 Views
I see. Well, nevermind then. *NM* Macharius - 15/04/2011 01:37:13 PM 292 Views
I believe you are questioning one of my definitions, not one of my facts. Tom - 14/04/2011 04:36:35 PM 683 Views
No matter how you define it I think it would be hard to call the top 5% middle class random thoughts - 14/04/2011 05:03:33 PM 697 Views
A family making $150,000 is not middle class? Tom - 14/04/2011 06:07:07 PM 702 Views
reading what you said again random thoughts - 14/04/2011 06:37:54 PM 662 Views
What a load of crap! Skeeve the Great - 14/04/2011 03:49:29 PM 816 Views
Yes, your response is a load of crap. Tom - 14/04/2011 04:55:20 PM 772 Views
Re: Yes, your response is a load of crap. Skeeve the Great - 14/04/2011 05:13:14 PM 826 Views
This is our first war without a tax increase. Tom - 14/04/2011 06:05:43 PM 746 Views
"Artful Dodgers" Skeeve the Great - 14/04/2011 06:30:58 PM 696 Views
Not giving me the information I need Tom - 14/04/2011 09:33:36 PM 668 Views
Er, check facts Isaac - 14/04/2011 05:04:02 PM 894 Views
Yeah, lets fact check Skeeve the Great - 14/04/2011 05:43:34 PM 759 Views
You understand you're actually supposed to cite data for a fact check right? Isaac - 14/04/2011 06:38:22 PM 907 Views
I'm not sure thats entirely right MalkierKnight - 14/04/2011 05:51:18 PM 993 Views
You basically just said what I said. How am I not right? Tom - 14/04/2011 05:56:08 PM 691 Views
Re: You basically just said what I said. How am I not right? MalkierKnight - 15/04/2011 02:48:07 AM 875 Views
A response Roland00 - 14/04/2011 06:33:49 PM 808 Views
I only have one thing to ask. callandor1000 - 15/04/2011 02:36:07 PM 663 Views
What about the farm subsidies and the military? Vivien - 15/04/2011 04:54:54 PM 678 Views
Re: What about the farm subsidies and the military? Skeeve the Great - 15/04/2011 08:21:16 PM 665 Views
Cutting the military isn't enough Roland00 - 16/04/2011 04:27:11 AM 654 Views
Defense is 60% of the discretionary budget as well, so it's more like 26% overall. Just sayin'. *NM* Ghavrel - 16/04/2011 04:53:30 AM 316 Views
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