Quote:
Originally Posted by Fast_Eddie
I stand by my statement- I don't think you can find anyone actually paying 42% in taxes.
I found this article on what Americans actually pay:
http://economix.blogs.nytimes.com/20...-pay-in-taxes/
"The main findings: The overall effective federal tax rate (the ratio of federal taxes to household income) was 20.7 percent in 2006, with the highest quintile of American households paying 25.8 percent of their income in federal taxes."
This is no where near 42% or even 35%. Those figures are, at best, misleading. |
We're addressing two separate subjects: marginal or effective rates (you) versus taxes on W-2 earnings (me). You suggest my numbers are misleading by posting something unrelated. Interesting debate strategy...