Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
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Originally posted by: charrison
Originally posted by: Engineer
One word...
Republicrats.
All being feed at the trough of progressive taxation where few pay and all spend.
If you all are going to bitch about the tax system least paint an accurate picture and stop paying attention to marginal tax rates only which are progressive but only make up a fraction of federal revenue, about 800 Billion of 2.2 trillion. http://www.taxfoundation.org/prtopincometable.html And they make up little of state budgets who gets thier taxes mainly from sales, property and excise.
All other taxes are regressive, like SS, medicare excise, sales and all the others. In other words to get a more accurate pitcure we need to look at all taxes, exemptions and exlusions. When we look at a total tax picture we see tax incidence is basically flat. http://ase.tufts.edu/gdae/Pubs...3-10-Tax_Incidence.pdf
This is why someone like Dick Cheney only paid 13% taxes last year making millions..hey that's about the same rate I pay making much less..