Comment

GOP Totally Committed to Obstructionism

336
garhighway12/01/2010 1:28:28 pm PST

re: #332 lostlakehiker

re: #317 Obdicut

The richest ten percent get something like 30 percent of the income and pay 50 percent of the taxes; the richest 20 percent get 50 percent of the income and pay 80 percent of the taxes, and so on. [No, I don’t have a link. But we all know this is more or less how things stand.] As a general rule, high incomes pay higher tax rates per dollar. That’s just a fact.

No it is not. Not if you look at total tax burden, which is the only sensible way to look at it. Higher income individuals pay a lower percentage of their income in total taxes than do lower income individuals.

See the Warren Buffett quote upthread. He’d know.