..All those ZOG wars, funded by the equivalent of Pennsylvania's population.
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Dark.
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Caveat on my 10 minutes of googling: someone could probably find a) newer than 2012 tax payment data & b) an irs source of income brackets.
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No doubt, every seen anything like that? My guess for the top 10% is about 50/50 w Entrepreneurs/medical/Corp skewing R; Law/Fin/academia L.
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Destruction of the Cities in tax-equivalent yield reductions!
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IIRC Trump plan ups the STD Deduction to over $20k. So distortionary deductions like mtg & salt lose most or all value to that fam. Gr8 idea
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..meaning they'll pay the same out of pocket. but distortionary effects on decision-making go away. very libertarian pateto-improvement.
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Effective tax rate of the 0.1% is lower than the 1%. If you earn really big you can afford to employ the tax shelter industry
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A lot of the politicking over taxes is the 1% getting annoyed while the 0.1% shifts burden to them (thanks to their pricey tax lawyers)
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I didn't parse it out, but I'm guessing the bulk of that difference is the rich finding ways to shift things toward capital gains.
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I'm not 0.8% group but I'm spitting distance. I keep hearing that we can't deport 12 million, so how could they jail us all for not paying?
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They don't have to jail anyone. They just seize their assets. All done electronically.
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i always suspected this was true but thanks for actually doing the work
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Hitting the HENRYs again and again.
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I'm reading "The Sovereign Individual" and their breakouts in the 90's indicated the same. Funny how it's never been much of a news story.
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How is $1million upper "middle class" lol
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