Reply to Tax Poll: What rate do you think this couple should pay?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh for f****'s sake, tax rates are marginal. Marginal. That means that you pay x percent on the first slice of income up to a certain amount, then a higher percentage on the next slice up to a higher amount, etc.

So even if the rate were 50% for HHIs above 250k, that would mean you would pay 50% of whatever you earn above 250k, not 50% of the whole amount.

On top of this, you have to take into account capital gains rates of 15% only, which dramatically lowers the rate rich people pay since so much of their wealth is from capital gains. I believe the WP published the  effective tax rates for several brackets a few months ago, and the top 400 incomes paid something like 16% effective rate (probably due to the fact that almost all their income is from capital gains at 15%).

And then add deductions and credits to all that and your question is really pretty moot.[/quote]

Are you just a b**h in real life or just being obstructionist? Did you not read the original post? We all KNOW that tax rates are marginal. This isn't about that. This is just about a broader view of what people think is a fair amount of their income that they should pay. Go play in another sandbox, preferably alone.[/quote]

OP's post doesn't give any indication that he/she knows tax rates are marginal. Nobody pays the rates he's suggesting.[/quote]

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