If the top 1% of the tax payers pay 90% of all taxes, as the TaxProf Blog says, then don't they deserve a tax cut? And if the top 25% of earners pay out 86%, kind of makes you wonder what the other 75% are doing.
Update: Montana Headlines does an excellent analysis about this question. I am sure that Wulfgar would appreciate it, when he gets his reading comprehensions scores up.
5 comments:
If the top 1% of the tax payers pay 90% of all taxes, as the TaxProf Blog says, then don't they deserve a tax cut?
Not if they get 90% of the benefit. Care to try again?
And if the top 25% of earners pay out 86%, kind of makes you wonder what the other 75% are doing.
You haven't the first clue about tax law, do you? There's a helluva difference between government income from income taxes and from payroll taxes. Sadly, I have to say, you really are a poor attorney, aren't you?
Wulfie, sometimes I think that you need a rest, and to sit and THINK for a little while.
How do the rich get 90% more benefit? Are their roads 90% better? The police and fire departments 90% better? Do they get 90% more of any government service at all?
The answer is No! They drive on the same roads, and use all of the same services. Now, you can argue that rich neighborhoods get more policing, and I would agree. But not 90% better.
While I am sure that you are the best books store clerk at MSU who spends all day surfing the Net, that doesn't mean that your reading comprehension is any good as shown by your second part of the comment.
Yes, I know that there is a difference between payroll taxes and income taxes. But READ THE POST. You might be surprised to find out it was about INCOME TAXES.
Apples and oranges, except this is always the way you post. You so completely miss the original point because you are spoiling for a fight more than thinking.
Come back when you can think.
Oh, and I'll be over in Livingston and have Thursday afternoon free. I would still like to take Rob out for a beer.
Steve and Wulf -- I thought I had left a comment here saying that I was going to respond on my blog. I must not have clicked on "publish," or something. Apologies.
That's rather funny, Steve. I seem to always understand your arguments at depth, yet you are consistently clueless about mine. A rational person wouldn't have to wonder about which of us has the reading comprehension difficulties (hint, it ain't me.)
p.s. In your very last comment, you insult me personally, professionally and rationally. I do the same to you consistently, mostly because I believe strongly that you deserve it. This is the state of our 'relationship'. In another time, another way, going out for a beer with you would likely be fun. But:
1) I'm too busy tomorrow; clerking is hard work, you know.
2) I really find it hard to imagine what you could add to my life. I've little incentive to change our cherished time together.
3) I'm not interested in driving on the roads that we all pay for (yet the rich unfairly profit from) wasting gas (provided by rich folk owned companies which the rich can invest in given disposable income that I don't have, because I'm paying for the gas ... from companies that they own ... and profit from. In case you're wondering, yes, I think your numbers are full of shit. They tell a miniscule story in the flow of wealth.)
No, I think for now, we'd just better let it be.
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