Quote:
Originally Posted by Jim in CT
Stcroixman, let's say it's better to just subtract 2 numbers, rather than divide, to see what the difference is.
The guy at the bottom had his tax rate decrease from 15 to 10. Subtract that, he got a 5 percent decrease.
The guy at the top saw his rate go from 39.6 to 35 percent. Subtract those, and his rate went down by 4.6 percent.
The last time I checked, "5" was greater than "4.6".
The guy at the bottom got a larger decrease.
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Look On a mathematical basis I didn't say your marginal % decrease was wrong. By using the % you are misleading most people.
Fact is you make it seem like the US Gov't is doing big favors to those in the low bracket. We all know the tax code favors those with wealth.
I was at a tax seminar in Sept where this tax attorney from Chicago
coud not believe George Steinbrenner and this oil baron from TX died in 2010 and their estates paid ZERO TAX! BTW estate tax in '11 reaches 55% on top end.
I lost 2 blue collar uncles this year and they also paid ZERO ESTATE TAX(and would have paid zero in '09 and '11)
I guess that is the same benefit huh?