Yeah, I think you proved your point there, RTF. Since most of the sites (and cites) I found claimed around 36 to 38 percent which does add up when you consider they were tacking on an additional 7.65% for the employer’s matching SS contribution.
All that said though, I think 30% is a pretty steep price to pay for the scandal, inefficiency, corruption and interference it pays for.
Unc - that’s a reasonable point of view. I disagree, of course: I’m paying for defense, roads, colleges, libraries, public lands - all sorts of things that I’ve drawn immense benefit and pleasure from, and that I would have been hard pressed to buy retail for the same sort of bucks.
But at least now we’re arguing over a real 30%, as opposed to a chimerical 40-47%. It’s easier to argue about the matters of differing opinion if at least we agree on the underlying facts.
Well, this has been fun, but exhausting. I’m off for a beer. Have a good weekend!
Well, I was estimating high, anytime I didn’t have the facts on hand. For instance, I guesstimated the gasoline tax at 50¢/gallon; it’s actually more like 18¢.
Besides, as this Washington Post story spells out, most Americans pay less than 10% of their income in Federal income taxes.
So if their overall tax burden is substantially higher, either (a) they’re earning considerably more money than most of us (and this debate was about the taxes that ‘most of us’ pay, so that’s beside the point), or (b) other taxes are the real culprit.
But (excepting the estate tax, which impacts almost none of us), the income tax is the one that everybody tries to cut. So if the crushing burden is from elsewhere, they’re barking up the wrong tree.
“Love flies out the door when money comes innuendo.” - Marx