Sunday, August 09, 2009

"The Me-First, Screw-Everyone-Else Crowd"

It's a thing of beauty from David Sirota right here. Excerpts:

What they will scream: But the rich still "pay close to 60 percent of this nation's taxes!"

What you should say: Such statistics refer only to the federal income tax. When considering all of "this nation's taxes" including payroll, state and local levies, the top 5 percent pay just 38.5 percent of the taxes.

What they will scream: But 38.5 percent is disproportionately high! See? You've proved that the rich "contribute more than their share" of taxes!

What you should say: Actually, they are paying almost exactly "their share." According to the data, the wealthiest 5 percent of America pays 38.5 percent of the total taxes precisely because they make just about that share -- a whopping 36.5 percent! -- of total national income. Asking these folks to pay slightly more in taxes -- and still less than they did during the go-go 1990s -- is hardly extreme

Read the whole thing, my friends.

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