Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Regarding taxation, the Bush tax changes have not changed the % distribution of Federal Income taxes, and I have referenced that data from the IRS before.  The lower 50% of wage owners pay less than 4% of the tax bill.

Yes, of course they have changed the distribution of Federal Income taxes, if the % distribution has not changed, while income inequality has increased.

And the % tax contribution typically cited ignores payroll taxes, with a baseline payroll tax rate of 15.3%, reduced to 2.9% above $97,500 (2007).


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Dec 2nd, 2006 at 08:40:18 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series