Quote:
Originally Posted by catawba
Spin it however you like, "Since the 1960's, the total Federal tax rate has fallen for low earners, risen for relatively high earners and fallen significantly for very high earners."
http://www.visualizingeconomics.com/...-income-group/
While the bubble was growing and the people at the top were raking it in, the standard of living constantly declined for the working class. So to hear the rich now whine about a 4-1/2% tax increase I think of it as Karma in action!!!
|
(1) Since my previous post in this thread (to which you were responding here) was solely concerned with the subject of
corporate taxes, it does seem passing strange that you would have suddenly changed the focus of the discussion to that of taxation upon "low earners" versus taxation upon "relatively high earners"; and this, in turn, in contradistinction to taxation upon "very high earners."
Perhaps, upon further consideration, you may also notice this apparent disconnect.
(2) There is an enormous difference between
percent and
percentage point. In fact, they are nowhere close to representing a similar amount--let alone an identical one.
As a case in point, I would note that a PGA professional who managed sand saves in only 50 percent of his attempts in 2007, but who improved that number to 60 percent in 2008, experienced just a 10
percentage-point improvement in that particular stat; but he simultaneously experienced a 20
percent improvement.
To speak breezily, therefore, of a "a 4-1/2% tax increase" is to badly misunderstand this important distinction.