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Old 01-16-2008, 12:28 PM   #61 (permalink)
Ustwo
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Quote:
Originally Posted by ratbastid
Man, I want to talk to your accountant. If I only paid 10% in taxes, I'd be one HAPPY DUDE. I'm self-employed, so I "pay twice", but even just the income tax withholding portion of my taxes is well over 10%.

According to the most recent figures I could google (2003), this was the percentage-of-income that the various quintiles are taxed:

Top fifth of earners: 19 percent
Next fifth of earners: 17 percent
Middle fifth of earners: 16 percent
Next fifth of earners: 14 percent
Bottom fifth of earners: 18 percent

Honestly? That's about progressive enough for me. I guess I'd like to see some more relief for the bottom fifth, but they're the majority recipients of government benefits, so maybe it all evens out.
Without seeing how they get those numbers, they are meaningless, care to share the source?

Edit: Just looking at pure federal tax rates the numbers don't add up so I'd REALLY like to see that source.
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Last edited by Ustwo; 01-16-2008 at 12:37 PM..
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