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Grange95's profile
Grange
Grange
Grange
@Grange95

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Grange

@Grange95

Recovering lawyer, Huskers & Packers fan, poker degenerate, scurvy fighter, sarcastic SOB ... Mostly here for the dogs.

West Des Moines, IA
craakker.blogspot.com
Joined April 2009

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    1. Zach Wahls‏Verified account @ZachWahls 20 Apr 2017

      Has anyone seen any survey research that expresses federal income taxes paid as a percentage of net worth rather than annual income?

      3 replies 3 retweets 6 likes
    2. Zach Wahls‏Verified account @ZachWahls 20 Apr 2017
      Replying to @ZachWahls

      Based on some super rough numbers and calculations, here's what I find.pic.twitter.com/VMguYJ58Vy

      1 reply 1 retweet 2 likes
    3. Zach Wahls‏Verified account @ZachWahls 20 Apr 2017
      Replying to @ZachWahls

      Each year, the lower 50% of Americans by net worth pay about 5% of their wealth in income tax. The top 1% pays **less than one percent.**pic.twitter.com/WgwNIP6AI2

      1 reply 4 retweets 3 likes
    4. Grange‏ @Grange95 20 Apr 2017
      Replying to @ZachWahls

      This is apples and oranges. Much of net worth was already subject to income tax or estate tax, or will be.

      1 reply 0 retweets 0 likes
    5. Zach Wahls‏Verified account @ZachWahls 20 Apr 2017
      Replying to @Grange95

      I'm not asserting otherwise! All I'm saying is the bottom *half* of Americans pay more in incomes tax as a % of their net worth than top 1%.

      1 reply 0 retweets 0 likes
    6. Grange‏ @Grange95 20 Apr 2017
      Replying to @ZachWahls

      1/ It's a meaningless comparison. Fill in "Half of all Americans pay more for _____ as a % of net worth than top 1%" with *anything*.

      1 reply 0 retweets 0 likes
    7. Grange‏ @Grange95 20 Apr 2017
      Replying to @Grange95 @ZachWahls

      2/ Mortgage. Health care. Soda. Movie tickets. It doesn't tell you anything meaningful.

      2 replies 0 retweets 0 likes
    8. Zach Wahls‏Verified account @ZachWahls 20 Apr 2017
      Replying to @Grange95

      Do you think it's meaningful that top 1% pays like 10x as much income tax as bottom half?

      1 reply 0 retweets 0 likes
    9. Grange‏ @Grange95 20 Apr 2017
      Replying to @ZachWahls

      Do you mean in dollars or as a % rate? If you compare income tax to income tax, it can be meaningful if you know what you're measuring.

      1 reply 0 retweets 0 likes
    10. The DC Pope‏ @TheDCPope 20 Apr 2017
      Replying to @Grange95 @ZachWahls

      Some countries (eg Norway) have a wealth tax, so that calculation is more meaningful for them

      1 reply 0 retweets 0 likes
      Grange‏ @Grange95 20 Apr 2017
      Replying to @TheDCPope @ZachWahls

      Sorry, didn't realize this was a Scandinavian law debate.

      8:04 PM - 20 Apr 2017
      1 reply 0 retweets 0 likes
        1. New conversation
        2. The DC Pope‏ @TheDCPope 20 Apr 2017
          Replying to @Grange95 @ZachWahls

          Sorry, didn't realize you have such thin skin

          1 reply 0 retweets 0 likes
        3. Grange‏ @Grange95 20 Apr 2017
          Replying to @TheDCPope @ZachWahls

          Thin skin? Huh?!? I'm not offended. I'm amused you go to great lengths to find a basis to support a blatant non sequitur.

          2 replies 0 retweets 0 likes
        4. 5 more replies

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