Vivian on 5/11/2008 at 09:32
And people who earn around 45,000 currently pay NO tax? That diagramn is a great example of bullshit.
june gloom on 5/11/2008 at 09:39
That's marginal taxes, not no taxes. Everyone pays ALL taxes that those below them on the chart pays. The marginal tax rate is the tax rate on the NEXT dollar of your income. At $45,000 the nominal tax rate is probably around 15%, but the MARGINAL tax rate is zero.
Matthew on 5/11/2008 at 10:43
Dear USA,
Well thank fuck for that. You're back on the Christmas card list.
Your loving Auntie,
Britannia.
DDL on 5/11/2008 at 11:36
Quote Posted by dethtoll
That's
marginal taxes, not no taxes. Everyone pays ALL taxes that those below them on the chart pays. The marginal tax rate is the tax rate on the NEXT dollar of your income. At $45,000 the
nominal tax rate is probably around 15%, but the MARGINAL tax rate is zero.
Wait, so the actual tax rate at any given point is like..the sum of all the previous points? Or "the value of the last constant, plus the value of the current constant", or "the sum of all the previous constants"? Or what?
It's not, let's be brutally honest, a terribly helpful chart.
Ok, is it..the tax rate per dollar, incrementally, as you increase earnings? So the first 44 grand you earn lose 15% to el governmente, the next..what, 4 grand are (currently) tax free (!), and then it goes back up to about 12%, and so on?
No, that still makes no sense, really (in that it appears to tax the uppermiddle classes far far too lightly). And if it's incremental (which would make more sense in the middleclass region) it means that above 100 grand or so you're paying about 110% tax, which is..hilarious, and clearly wrong.
Also, it doesn't show what McCain's proposal would've been.
Overall, I give it 4 out of 10.
Beauty-Man on 5/11/2008 at 11:46
Quote Posted by ZylonBane
Why are you flattered? You're not the one who got elected.
HaHa because god dammint you give me another reason why I should be proud to be black. I simply couldn't vote on his ethinic background, but now if there is never another day like this I can tell my grandchildren it wasn't always gloomy for us. So im pleasured, flattered, estatic, pompous etc HaHa. If he doesn't make me proud in any other way then he already got me there.
BrokenArts on 5/11/2008 at 12:19
Yes, new president. I am happy too, only time will tell if real change will take place. Cautiously optimistic. Remember, talk is cheap sometimes. Interesting times ahead.
Chimpy Chompy on 5/11/2008 at 12:34
Possibly I'm thick but I didn't follow Dethtoll's chart either.:erg:
Muzman on 5/11/2008 at 12:45
It's one of those ingenius percentage of a percentage of a percentage figures and for all we know the y axis is on a scale from zero to one.
No doubt made by one of those other genuises who always find bell curves in noise and completely opposite indicators (as well as toast, tortillas, water stains etc)
Oh, good work on that voting thing btw. Hope things stay the distance after the almost certain "we've looked at the finances and things are actually even worse than we thought" speech about a month in. (I keep meeting morons who want to kick Rudd out already for "ruining our economy and raising taxes" unlike Howard. Aye yie yie)
Scots Taffer on 5/11/2008 at 12:52
Quote Posted by Muzman
(I keep meeting morons who want to kick Rudd out already for "ruining our economy and raising taxes" unlike Howard. Aye yie yie)
reading online newspaper comments of this ilk is probably at least one step up from the bottom-rung food chain of youtube political comments, at least
