Interesting article at Kiplinger.com to see how your income stacks up compared to other Americans. And a calculator to see exactly where you fit and how much of the national tax burden you pay.
An income of $30,881 puts you in the top 50%
December 20th, 2007 at 11:35 pm
December 20th, 2007 at 11:59 pm 1198195143
December 21st, 2007 at 12:58 am 1198198693
December 21st, 2007 at 03:08 am 1198206497
As for the rich paying more, I just want to make a comment that while the rich indeed pay more, it would seem that the super rich does not. If Warren Buffet is correct, for some reason, there is an income tax cap of 90k. After which, he claims that he doesn't pay beyond that. If that's true, the super rich (but not the regular rich) indeed do pay far less, relative to their income.
December 21st, 2007 at 03:42 am 1198208531
I believe the 90k cap he referred to in his interview with Tom Brokaw was not his income tax cap, but rather the fact that the tax code has a limit of 90k on payroll taxes. Upon reaching that limit, one is not subject to further payroll taxes, no matter what their salary is.
December 21st, 2007 at 03:01 pm 1198249306
December 21st, 2007 at 05:42 pm 1198258930
December 21st, 2007 at 05:44 pm 1198259052
December 21st, 2007 at 06:40 pm 1198262445
There is a very simple way to explain the whole tax thing :
THE MORE YOU MAKE, THE MORE *THEY* TAKE!
December 22nd, 2007 at 05:18 am 1198300682