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AnimusRex -> RE: David Obey Calls for War Tax on Wealthy (11/27/2009 2:46:40 PM)
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Actually, rich people pay less in taxes than poor people:
"America’s most affluent 1 percent now pay, on average, just 6.4 percent of their incomes in state and local taxes. But they actually pay even less than that, since they can deduct their state and local taxes from their federal tax bill. The state and local tax burden on America’s rich, after taking this offset into account, drops to 5.2 percent.
Middle-income families — to be precise, those families who make up the middle fifth of America’s income distribution — pay, after the federal offset, 9.4 percent of their incomes in total state and local taxes.
America’s poorest families pay even more. Tax collectors take 10.9 percent of the incomes of households in the nation’s bottom 20 percent, more than double the share they take from the incomes of the nation’s top 1 percent."
Full article here
And although rich people never did pay the full 90% rate, the gap between rich and poor was smaller than it is now. It is a fact that the rich are getting richer, and poor and middle class are getting poorer.
Sorry- as Reagan observed, "facts are stubborn things."
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