Your actual tax rate: 40%

[link|http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTaxRate40.aspx|http://articles.mone...ealTaxRate40.aspx]

Politicians talk this way because they generally talk about only one tax: the federal income tax, which offers graduated rates from 10% to 35%.

Politicians rarely talk about what real people experience: the true maze of taxes and government benefits. If someone put them all together, we could see what our actual tax burden was. We could see who pays at the highest or lowest rates. Discussions of tax policy wouldn't be a waste of time.

Well, two researchers did it.

In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%.

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Not progressive - flat. Needs to be fixed.

Post #278,885 by tuberculosis 3/19/07 11:22:46 PM Reply	Your actual tax rate: 40% [link\|http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTaxRate40.aspx\|http://articles.mone...ealTaxRate40.aspx] Politicians talk this way because they generally talk about only one tax: the federal income tax, which offers graduated rates from 10% to 35%. Politicians rarely talk about what real people experience: the true maze of taxes and government benefits. If someone put them all together, we could see what our actual tax burden was. We could see who pays at the highest or lowest rates. Discussions of tax policy wouldn't be a waste of time. Well, two researchers did it. In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%. -------------- Not progressive - flat. Needs to be fixed. I4 NOW! Impeach, Indict, Incarcerate, Inject Bush, Cheney, Gonzalez, Rumsfeld, Rove, Rice
Post #278,887 by bepatient 3/19/07 11:30:29 PM Reply	wish mine was that low. Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}
Post #278,934 by lister 3/20/07 12:57:53 PM Reply	Come to Canada and you'll wish for 40% Not that I don't mind paying higher taxes, just as long as the money isn't wasted. Which it is. :-( lister

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