Buffett rule

[d-ray657]

Originally Posted by whell

So, how much more "tax progressivity" do you want, Noone? And how much is enough. Sounds like we're alredy pretty damn progressive as it is.

http://cnsnews.com/news/article/amer...all-taxes-2010

"...those people making above $50,000 had an effective tax rate of 14.1 percent, and carried 93.3 percent of the total tax burden. In contrast, Americans making less than $50,000 had an effective tax rate of 3.5 percent and their total share of the tax burden was just 6.7 percent."

"Americans making more than $250,000 had an effective tax rate of 23.4 percent and their total share of the tax burden was 45.7 percent."

"Out of the 143 million tax returns that were filed with the IRS in 2010, 58 million – or 41 percent – of those filers were non-payers. In other words, only 85 million actually paid (federal income) taxes."

"But Tax Foundation data also shows that people who didn’t pay any income tax received $105 billion in refundable tax credits from the IRS."

Now, I betcha I could get this same outcome with 20% or less of the IRS's current staff, and about 90% of the verbiage of our current tax code, and a tax form that's one or two pages long.

Once again, you cite statistics that do not take into account the extremely regressive tax that all working people pay - social security and medicare. If the folks in DC are going to count that as part of the federal budget, then by golly, we need to count it as part of the tax burden for working people.

Regards,

D-Ray