Quote:
Originally Posted by RIJIMMY
exactly. Also, take into account that many deductions or benefits taxpayers get are reduced the more % you make. For example - parents can take a % of 5k for daycare while they work. but the more $$ you make the % gets less and less. Resulting in a higher % of tax paid aka rate. There are many examples of this. All of which are not captured when you discuss tax rates. Rates are one component.
|
We have been down this road before. The effective tax rates across the board are about as low now as any time in the last 70 years. That takes into account all deductions, loopholes, etc. It is all taxes paid divided by gross income. People can look into it. This link only goes 1979 to 2007, but the numbers haven't changed much in the last 5 years, but one could look it up here
http://www.cbo.gov/sites/default/fil...edtaxrates.pdf if they wanted.
Historical Effective Federal Tax Rates for All Households
It understand it FEELS good to complain about taxes being so much higher today, but the facts don't back it up.
Threaded Mode