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Reply #11: No - the all tax rate for lowest 20% and highest 20% is about equal - [View All]

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-05 05:01 PM
Response to Reply #6
11. No - the all tax rate for lowest 20% and highest 20% is about equal -
the scaling is the 20 to 40% being less than the 40 to 60 which is lower than the 60 to 80%.

The game is to pretend income tax does not include tax on wage income under the payroll tax.

Even these numbers - put out by the IRS - do not tell the whole tale which is hidden by trust work, offshore games, and interest conversion to non-taxed capital gains.
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