Fair and Balance

[d-ray657]

Originally Posted by piece-itpete

I have yet to see facts showing the total tax burden on US citizens. It's the only way to get apples to apples.

And how many pages long is this light regulation on health care?

Come on people. We need to argue here.

Pete

Here is some basic data.

908 pages.

Regards,

D-Ray

[merrylander]

Please don't confuse us with facts.

Gotta go and feed the kitties.

[piece-itpete]

Whoa D. Looks like the average federal is about 25% (but I believe that is ONLY income tax), average state and local they put at 15.9.

Pete

[Charles]

Originally Posted by d-ray657

Here is some basic data.

908 pages.

Regards,

D-Ray

I'm certainly relived to see it's only 908 pages. If it were a couple of thousand, I'd have to hire a damn lawyer to tell me what it says.

BTW, I did look at your link.

Chas

[djv8ga]

Big deal. WTF does it matter to someone like you?

[Fast_Eddie]

I'd like a pony. What do you mean? You say that, but you are forgetting about the tensioner on the timing chain.

Have some pie.

[piece-itpete]

So over 40% is correct. Scratch that, it does not include all other taxes and fees, only income. I bet we're actually paying north of 60 or more.

Pete

[d-ray657]

Originally Posted by piece-itpete

So over 40% is correct. Scratch that, it does not include all other taxes and fees, only income. I bet we're actually paying north of 60 or more.

Pete

Pete, you're gonna have to cite the page where you saw that, because I didn't see it, and I actually studies several pages last night. Also are you talking about marginal tax rates or effective tax rates - the rates the people actually pay?

Regards,

D-Ray

[merrylander]

Originally Posted by piece-itpete

So over 40% is correct. Scratch that, it does not include all other taxes and fees, only income. I bet we're actually paying north of 60 or more.

Pete

Didn't you keep copies of all your returns, should not be hard to determine the true percentage.

[piece-itpete]

Dang it, I did make a major error in my haste. I guesstimated the rate by eye on the following, but inadvertently used the percentage of returns filed instead of tax rate, d'oh.

So my 25% guesstimate should've been 5 to 10%. My sincerest apologies. I'll use 7%.

http://www.taxpolicycenter.org/taxfa....cfm?Docid=366

Interestingly it does show that overall higher income generators do indeed pay a higher percentage of income.

For state:

http://www.taxpolicycenter.org/taxfa...90&Topic3id=92

But at least at the federal level it does not include a whole boatload of additional funds extorted out of us in various devious ways. According to this:

http://www.taxpolicycenter.org/taxfa...20&Topic3id=21

income tax generated only 44% of total federal reciepts in 09. So you can easily double the effective rate for a clearer picture of what we are actually paying.

I'm very surprised no one's done a state by state map using averages for local. You'd probably get a lot of site traffic.

Pete