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View Full Version : Top 400 earners in America pay only 17% income tax


HEAD ICE
23rd February 2010, 23:52
http://www.taxanalysts.com/www/features.nsf/Articles/4862392C0AC24550852576CD0077FEA7?OpenDocument

http://www.taxanalysts.com/www/features.nsf/d1fdf849d972b14a8525751b000cb317/4862392c0ac24550852576cd0077fea7/Body/0.D1A?OpenElement&FieldElemFormat=jpg
Red Commissar
24th February 2010, 04:01
Ah yes, tax cuts. Surely, they benefited only the hard, working-class Americans the most :laugh:
The Red Next Door
24th February 2010, 22:34
When the tea baggers gonna realize who are the real enemies?
Robocommie
24th February 2010, 22:37
What does that Share of all Adjusted Gross Income mean? Is that the share of the national income?
Vladimir Innit Lenin
25th February 2010, 10:15
It's okay though, the trickle down economic theory means that what benefits the rich, ultimately benefits us all.:blink::lol:

There is a similar statistic in the UK, cannot remember the source, but the figure was that on average, those who earn £100,000 or more, pay just 25% of their income in tax, as opposed to the 40% they are supposed to pay.
eyedrop
25th February 2010, 10:32
Is the numbers for 2007, for example, 356 722 000 $ or 356 722 $?

Anyway it isn't the direct income where the wealthy make their lions share of wealth, but capital gains. The numbers for tax percentage for wealth increase would be more interesting.

Nevertheless it's always interesting to note that progressive income tax is a nice ideal that is bypassed in reality. Progressive tax is just for most of the middle earners.

It's the same here, and I would guess practically all over the world.

This thread (http://www.revleft.com/vb/norway-releases-income-t120459/index.html?t=120459&highlight=skattelister) somewhat touches the same theme.
Bitter Ashes
25th February 2010, 12:30
wtf?! The lowest tax bracket here is 20% + national insurance. That is shocking!!
eyedrop
25th February 2010, 12:43
wtf?! The lowest tax bracket here is 20% + national insurance. That is shocking!!
What the bracket's are and what "resourceful" people pay are two different things. Here the top income tax bracket is 56% (or where a few years ago) and practically none which has sizable income pays it. It's mainly the ones with slightly above median income that pays it.