Cobber said:
+1... excellent post TFF.
As I said above, it all boils down to what people think should be "guaranteed" in a civilized society. Many libertarians, with their everyone for themselves philosophy, essentially describe their ideal government as something akin to Somalia's - no government! In any society that is not complete anarchy, we are going to have to pay taxes to pay for some form of government. So, what should we get in return? What is essential to maintain a healthy, working population? I would argue, at a bare minimum, a legal system, a social security system (which includes healthcare), and infrastructure (roads etc) and a national defense (note I did not say international offense!). Every industrialized country in the world supplies these things to to their citizens in exchange for taxes except for one.... the US. Most do so for less money (per capita) than we do not. A lot of people in this country get filthy rich and pay lower tax rates than people that can barely scrape by. Warren Buffet paid 16% tax last year, his secretary paid 30%. Is that fair? Especially given the fact that Buffet needs people like his secretary (and doctors, nurses, police, restaurantnt workers, gas station attendants, etc, etc, etc) to life comfortably in this country.
You mean like this IRS data?
Table 5.--Returns with Positive Adjusted Gross Income (AGI): Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates, by Selected Descending Cumulative Percentiles of Returns Based on Income Size Using the Definition of AGI for Each Year, Tax Years 1986-2005
[All figures are estimates based on samples]
Descending cumulative percentiles
Item, tax year Total Top Top Top Top Top
1 percent 5 percent 10 percent 25 percent 50 percent
(1) (2) (3) (4) (5) (6)
Number of returns: [1]
1986 102,087,623 1,020,876 5,104,381 10,208,762 25,521,906 51,043,811
1987 106,154,761 1,061,548 5,307,738 10,615,476 26,538,690 53,077,380
1988 108,872,859 1,088,729 5,443,643 10,887,286 27,218,214 54,436,429
1989 111,312,721 1,113,127 5,565,636 11,131,272 27,828,181 55,656,361
1990 112,812,262 1,128,123 5,640,613 11,281,226 28,203,066 56,406,132
1991 113,804,104 1,138,041 5,690,205 11,380,410 28,451,026 56,902,052
1992 112,652,759 1,126,528 5,632,638 11,265,276 28,163,190 56,326,380
1993 113,681,387 1,136,814 5,684,069 11,368,139 28,420,347 56,840,694
1994 114,989,920 1,149,899 5,749,496 11,498,992 28,747,480 57,494,960
1995 117,274,186 1,172,742 5,863,709 11,727,419 29,318,546 58,637,093
1996 119,441,767 1,194,418 5,972,088 11,944,177 29,860,442 59,720,884
1997 121,503,284 1,215,033 6,075,164 12,150,328 30,375,821 60,751,642
1998 123,775,831 1,237,758 6,188,792 12,377,583 30,943,958 61,887,915
1999 126,008,974 1,260,090 6,300,449 12,600,897 31,502,244 63,004,487
2000 128,227,143 1,282,271 6,411,357 12,822,714 32,056,786 64,113,572
2001 128,817,051 1,288,171 6,440,853 12,881,705 32,204,263 64,408,526
2002 128,323,986 1,283,240 6,416,199 12,832,399 32,080,997 64,161,993
2003 128,609,786 1,286,098 6,430,489 12,860,979 32,152,447 64,304,893
2004 130,371,156 1,303,712 6,518,558 13,037,116 32,592,789 65,185,578
2005 132,611,637 1,326,116 6,630,582 13,261,164 33,152,909 66,305,819
Adjusted gross income floor on percentiles (current dollars):
The top 1% of wage earners pay 39.38% of all collected income tax.
The top 5% pay 59.67% of all collected income tax.
The top 10% pay over 70%
The top 25% pay 85.99%
How much more do you want? These are not tax rates, this is TOTAL tax collected. If the top 1% pay nearly 40% of ALL TAXES COLLECTED what do you suppose their effective rate of taxation is? 65%, 70%? WTF???