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Old 11-18-2010, 01:26 PM
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finnbow finnbow is online now
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Quote:
Originally Posted by Fast_Eddie View Post
Let's try this, because I think I now understand what you mean. A hypothetical example. You believe there is an American, let's call him Rube, who has a sallary of $275,000 a year. If I follow you, you believe that Rube had deducted from his check, or pays at tax time a total of 275,000 * 42.65%. Right? You think Rube pays the government $117,287 a year?

Using the IRS Calculator for our friend Rube "Your anticipated income tax is $72,781" again assuming NO deductions, single, no contributions to tax deferred... etc. Again, NO ONE does that. Zero people. But even with that, 72,781/275,000= 26.4%.
Damn you, Eddie, with all your fact-based arguments!
You shouldn't let truth get in the way of indulging in a good fantasy.
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